Buy-back through tender offer filing requirements include disclosures, merchant banker certification, solvency declaration, and no draft letter filing. Buy-back through tender offer requires the company to file specified materials with the Board in electronic mode within two working days from the record date. The filing includes a letter of offer containing the disclosures prescribed in Schedule III, submitted through a merchant banker who is not an associate of the company, together with a certificate from such merchant banker certifying compliance with the regulations and the required information, and a declaration of solvency in the prescribed form. No draft letter of offer is required to be filed with the Board.
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Provisions expressly mentioned in the judgment/order text.
Buy-back through tender offer filing requirements include disclosures, merchant banker certification, solvency declaration, and no draft letter filing.
Buy-back through tender offer requires the company to file specified materials with the Board in electronic mode within two working days from the record date. The filing includes a letter of offer containing the disclosures prescribed in Schedule III, submitted through a merchant banker who is not an associate of the company, together with a certificate from such merchant banker certifying compliance with the regulations and the required information, and a declaration of solvency in the prescribed form. No draft letter of offer is required to be filed with the Board.
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