Buy-back notice requirement: board resolution must be filed with regulator and exchanges and public notice issued promptly. Regulation 5A requires that a board resolution authorising a buy-back be filed with the regulator and the stock exchanges within two working days, and ... Summary
Buy-back notice requirement: board resolution must be filed with regulator and exchanges and public notice issued promptly.
Regulation 5A requires that a board resolution authorising a buy-back be filed with the regulator and the stock exchanges within two working days, and that, before any public announcement, the company publish a public notice in specified national and regional newspapers within two days of the board resolution containing the disclosures specified in Schedule I.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.