Buy Back disclosure requirements: standardized filing formats set for companies and merchant bankers, affecting daily and post offer reports. SEBI issues standardized formats to implement disclosure obligations under the Buy Back Regulations: Annexure 1 prescribes a daily report under regulation 15(i) capturing amount earmarked, cumulative amount utilised, statutory maximum shares, previous and current period buyback quantities and cumulative totals; Annexure 2 prescribes a post offer report under regulation 20(j) requiring company/manager details, pre/post capital, offer dates, escrow composition, amount utilised, escrow forfeiture and deposit in the Investor Protection and Education Fund, advertisement and extinguishment status, and compliance with buyback and takeover threshold obligations.
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Provisions expressly mentioned in the judgment/order text.
Buy Back disclosure requirements: standardized filing formats set for companies and merchant bankers, affecting daily and post offer reports.
SEBI issues standardized formats to implement disclosure obligations under the Buy Back Regulations: Annexure 1 prescribes a daily report under regulation 15(i) capturing amount earmarked, cumulative amount utilised, statutory maximum shares, previous and current period buyback quantities and cumulative totals; Annexure 2 prescribes a post offer report under regulation 20(j) requiring company/manager details, pre/post capital, offer dates, escrow composition, amount utilised, escrow forfeiture and deposit in the Investor Protection and Education Fund, advertisement and extinguishment status, and compliance with buyback and takeover threshold obligations.
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