Open-market buy-back: companies must follow prescribed regulatory procedures to repurchase their securities from the market. Companies proposing an open-market buy-back of shares or other specified securities must effect such repurchases in accordance with the procedural and regulatory framework prescribed in the Chapter governing open-market buy-backs, obliging the company to follow the specified mechanisms, timelines and compliance steps for repurchases conducted through the open market.
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.
Open-market buy-back: companies must follow prescribed regulatory procedures to repurchase their securities from the market.
Companies proposing an open-market buy-back of shares or other specified securities must effect such repurchases in accordance with the procedural and regulatory framework prescribed in the Chapter governing open-market buy-backs, obliging the company to follow the specified mechanisms, timelines and compliance steps for repurchases conducted through the open market.
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