PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
This notification amends the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. Key changes include: modifying the calculation of maximum permissible buyback size based on lower of two amounts; allowing promoters not participating in buyback to be excluded from entitlement ratio computation; prohibiting further share issuances during buyback period except for discharging subsisting obligations; mandating disclosure of subsisting obligations and their impact in buyback documents; specifying additional disclosures on cover page of Letter of Offer regarding entitlement ratio and weblink for shareholders to check entitlement. The amendments aim to enhance transparency, protect interests of non-participating shareholders, and streamline buyback regulations.
This notification amends the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. Key changes include: modifying the calculation of maximum permissible buyback size based on lower of two amounts; allowing promoters not participating in buyback to be excluded from entitlement ratio computation; prohibiting further share issuances during buyback period except for discharging subsisting obligations; mandating disclosure of subsisting obligations and their impact in buyback documents; specifying additional disclosures on cover page of Letter of Offer regarding entitlement ratio and weblink for shareholders to check entitlement. The amendments aim to enhance transparency, protect interests of non-participating shareholders, and streamline buyback regulations.
Note: It is a system-generated summary and is for quick reference only.