Buy-back applicability: buy-backs cover shares and specified securities under company law, including equity with superior voting rights. Regulation 3 provides that buy-backs of a company's shares or other specified securities are subject to these regulations only when conducted in ... Summary
Buy-back applicability: buy-backs cover shares and specified securities under company law, including equity with superior voting rights.
Regulation 3 provides that buy-backs of a company's shares or other specified securities are subject to these regulations only when conducted in accordance with the applicable provisions of the Companies Act, and explains that "shares" include equity shares with superior voting rights.
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