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        SEBI

        Regulation 18 - Extinguishment of certificates

        Securities and Exchange Board of India (Buy Back Of Securities) Regulations, 1998
        Chapter IV
        BUY-BACK FROM THE OPEN MARKET

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        Extinguishment of certificates: Regulation 12 provisions apply mutatis mutandis to open market buybacks, aligning extinguishment procedure. Regulation 18 stipulates that the provisions of Regulation 12 concerning extinguishment of certificates apply mutatis mutandis to buy backs from the open market, thereby importing the procedural and substantive rules of certificate extinguishment into the open market buy back context.
                          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.

                                Extinguishment of certificates: Regulation 12 provisions apply mutatis mutandis to open market buybacks, aligning extinguishment procedure.

                                Regulation 18 stipulates that the provisions of Regulation 12 concerning extinguishment of certificates apply mutatis mutandis to buy backs from the open market, thereby importing the procedural and substantive rules of certificate extinguishment into the open market buy back context.


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