Public announcement requirement: companies must publish and file buy back notices and post them on exchange and company websites. Regulation 7 mandates that a company authorised to undertake a buy-back must make a public announcement after declaration of the postal ballot or board resolution, containing the material information in Schedule II; simultaneously file the announcement electronically with the Board and the stock exchanges along with fees under Schedule V; ensure stock exchanges disseminate the announcement; and place copies on the websites of the stock exchange(s), the merchant banker and the company.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Public announcement requirement: companies must publish and file buy back notices and post them on exchange and company websites.
Regulation 7 mandates that a company authorised to undertake a buy-back must make a public announcement after declaration of the postal ballot or board resolution, containing the material information in Schedule II; simultaneously file the announcement electronically with the Board and the stock exchanges along with fees under Schedule V; ensure stock exchanges disseminate the announcement; and place copies on the websites of the stock exchange(s), the merchant banker and the company.
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