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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Companies Must Follow SEBI Regulations for Buy-Backs; Require Special Resolution for Over 10% Equity Buy-Back.</h1> The Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, stipulate conditions for companies undertaking buy-back of securities. A company must have buy-back authorization in its articles and pass a special resolution at a general meeting unless the buy-back is 10% or less of the paid-up equity capital and free reserves. Buy-backs must be completed within a year, and companies must file returns with the Registrar and Board within 30 days post buy-back. Disclosures are required in the explanatory statement for the general meeting, and insider trading based on sensitive information is prohibited. Filings must be electronically submitted.