Buyback restriction period reduced, enabling quicker access to capital under SEBI temporary relaxation to align with company law. Relaxation of the buy-back restriction period temporarily reads the period in Regulation 24(i)(f) of the Buy-back Regulations as six months instead of one year to enable quicker access to capital after a buy-back; the relaxation is effective immediately, must be notified by stock exchanges to stakeholders and published on their websites, and is issued under statutory regulatory powers.
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Provisions expressly mentioned in the judgment/order text.
Buyback restriction period reduced, enabling quicker access to capital under SEBI temporary relaxation to align with company law.
Relaxation of the buy-back restriction period temporarily reads the period in Regulation 24(i)(f) of the Buy-back Regulations as six months instead of one year to enable quicker access to capital after a buy-back; the relaxation is effective immediately, must be notified by stock exchanges to stakeholders and published on their websites, and is issued under statutory regulatory powers.
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