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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Company Share Buy-Back Rules: Set Max Price, No Promoter Purchases, Disclose Updates, Complete in 6 Months</h1> A company conducting a buy-back of shares or specified securities through the stock exchange must adhere to several regulations. The company must specify a maximum buy-back price in a special resolution or board resolution, and cannot buy back from promoters or controlling persons. A merchant banker must be appointed, and a public announcement made within seven working days of the resolution, with required disclosures. The buy-back must occur on exchanges with nationwide trading terminals and use an order matching mechanism. Daily updates on the buy-back must be submitted to the stock exchange and posted on the company's website. The buy-back offer should open within seven days of the announcement and close within six months.
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