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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Regulations Amendments: Buy-Back Rules for Odd-Lot Shares Now Include Both Shares and Specified Securities.</h1> The Securities and Exchange Board of India (SEBI) Regulations, 1998, concerning the buy-back of securities, stipulate that the rules for buy-back through a tender offer apply equally to odd-lot shares or other specified securities. This regulation has undergone amendments, with the term 'specified securities' being replaced by 'shares' in 1999 and later updated in 2004 to include both shares and other specified securities. These provisions ensure that odd-lot securities are treated consistently with other securities in buy-back procedures.
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