Buy-back of securities: foreign institutional investors may sell holdings to an issuer under buy-back rules, and fee payment modes are broadened. A proviso permits foreign institutional investors to sell securities to the issuing company under an offer to buy back securities, in accordance with the Buy-back of Securities Regulations, 1998. The Second Schedule is amended to substitute the registration fee clause so that the fee is payable by draft in favour of the Securities and Exchange Board of India or by any other mode or instrument as may be specified by the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Buy-back of securities: foreign institutional investors may sell holdings to an issuer under buy-back rules, and fee payment modes are broadened.
A proviso permits foreign institutional investors to sell securities to the issuing company under an offer to buy back securities, in accordance with the Buy-back of Securities Regulations, 1998. The Second Schedule is amended to substitute the registration fee clause so that the fee is payable by draft in favour of the Securities and Exchange Board of India or by any other mode or instrument as may be specified by the Board.
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