Buy-back from open market requires execution via stock exchange or book building and allocation of a substantial portion of earmarked funds. Regulation 14 permits a company to buy-back its shares or other specified securities from the open market only in accordance with Chapter IV, by either a stock exchange route or a book-building process, and requires that a substantial portion of the amount earmarked in the resolutions under regulation 5 or regulation 5A be utilised for the buy-back.
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 from open market requires execution via stock exchange or book building and allocation of a substantial portion of earmarked funds.
Regulation 14 permits a company to buy-back its shares or other specified securities from the open market only in accordance with Chapter IV, by either a stock exchange route or a book-building process, and requires that a substantial portion of the amount earmarked in the resolutions under regulation 5 or regulation 5A be utilised for the buy-back.
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