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        SEBI

        Regulation 5A - Board resolution

        Securities and Exchange Board of India (Buy Back Of Securities) Regulations, 1998
        Chapter II
        CONDITIONS OF BUY-BACK

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        Buy-back notice requirement: board resolution must be filed with regulator and exchanges and public notice issued promptly. Regulation 5A requires that a board resolution authorising a buy-back be filed with the regulator and the stock exchanges within two working days, and that, before any public announcement, the company publish a public notice in specified national and regional newspapers within two days of the board resolution containing the disclosures specified in Schedule I.
                        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.

                              Buy-back notice requirement: board resolution must be filed with regulator and exchanges and public notice issued promptly.

                              Regulation 5A requires that a board resolution authorising a buy-back be filed with the regulator and the stock exchanges within two working days, and that, before any public announcement, the company publish a public notice in specified national and regional newspapers within two days of the board resolution containing the disclosures specified in Schedule I.


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