Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
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.
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