Definition of shares expanded to include equity shares with superior voting rights in buy-back regulations. The amendment inserts an explanation into regulation 3 of the Buy-Back Regulations clarifying that the term 'shares' includes equity shares carrying superior voting rights, thereby extending the buy-back regime's definitional scope to cover such differentiated voting equity; the amendment is designated as the 2019 amendment and takes effect on publication in the Official Gazette.
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Definition of shares expanded to include equity shares with superior voting rights in buy-back regulations.
The amendment inserts an explanation into regulation 3 of the Buy-Back Regulations clarifying that the term "shares" includes equity shares carrying superior voting rights, thereby extending the buy-back regime's definitional scope to cover such differentiated voting equity; the amendment is designated as the 2019 amendment and takes effect on publication in the Official Gazette.
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