Buy-back regulations tighten open market limits, disclosure timelines, and compliance duties while allowing optional merchant banker engagement. The buy-back regulations are amended to revise eligibility conditions, procedural timelines, disclosure obligations and compliance requirements. The amendments cap open market buy-back through stock exchange at less than fifteen per cent of paid-up capital and free reserves from 1 August 2026, bar a fresh offer within the prescribed interval from closure of the preceding offer, and prohibit any buy-back that would breach minimum public shareholding requirements. The public announcement, offer period, escrow, bank guarantee, promoter share freeze, and extinguishment procedures are also updated, and companies may dispense with a merchant banker if specified responsibilities are reassigned.
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Buy-back regulations tighten open market limits, disclosure timelines, and compliance duties while allowing optional merchant banker engagement.
The buy-back regulations are amended to revise eligibility conditions, procedural timelines, disclosure obligations and compliance requirements. The amendments cap open market buy-back through stock exchange at less than fifteen per cent of paid-up capital and free reserves from 1 August 2026, bar a fresh offer within the prescribed interval from closure of the preceding offer, and prohibit any buy-back that would breach minimum public shareholding requirements. The public announcement, offer period, escrow, bank guarantee, promoter share freeze, and extinguishment procedures are also updated, and companies may dispense with a merchant banker if specified responsibilities are reassigned.
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