Amendments to buy back regulations modify the standard letter of offer, replacing a term and deleting a provision. Amendments effected by the SEBI (Buy back of Securities) (Amendment) Regulations, 2004 modify the draft standard letter of offer for buy backs: replace the word 'earlier' with 'later' at point 9.1 of the general instructions and delete point 9.2. The circular forwards the gazette notification and directs registered merchant bankers to implement these textual changes immediately under the regulatory powers conferred by Section 11(1) of the SEBI Act.
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Provisions expressly mentioned in the judgment/order text.
Amendments to buy back regulations modify the standard letter of offer, replacing a term and deleting a provision.
Amendments effected by the SEBI (Buy back of Securities) (Amendment) Regulations, 2004 modify the draft standard letter of offer for buy backs: replace the word "earlier" with "later" at point 9.1 of the general instructions and delete point 9.2. The circular forwards the gazette notification and directs registered merchant bankers to implement these textual changes immediately under the regulatory powers conferred by Section 11(1) of the SEBI Act.
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