Guidelines in respect of the disclosures to be made in the Letter of offer in respect of Buy-back of securities in terms of SEBI (Buy-back of Securities) Regulations, 1998 and Format of Standard letter of offer https://www.taxtmi.com/circulars?id=58472 The circular mandates a standardized Letter of Offer for buy-backs requiring comprehensive, clear disclosures on buy-back mechanics, timelines and eligibility; submission of a Due Diligence Certificate by the Merchant Banker; dispatch of the Letter of Offer and tender form within five working days of SEBI comments; opening the offer within five working days of dispatch and keeping it open for ten working days; disclosure of escrow arrangements, sources of funds, capital structure and pre/post buy-back shareholding; procedures for demat and physical shareholders; auditors' certificate; and investor remedies and taxation notes. en-us Thu, 09 Feb 2012 00:00:00 +0530 Wed, 19 Dec 2018 14:40:00 +0530 TaxTMI RSS Generator Guidelines in respect of the disclosures to be made in the Letter of offer in respect of Buy-back of securities in terms of SEBI (Buy-back of Securities) Regulations, 1998 and Format of Standard letter of offer https://www.taxtmi.com/circulars?id=58472 The circular mandates a standardized Letter of Offer for buy-backs requiring comprehensive, clear disclosures on buy-back mechanics, timelines and eligibility; submission of a Due Diligence Certificate by the Merchant Banker; dispatch of the Letter of Offer and tender form within five working days of SEBI comments; opening the offer within five working days of dispatch and keeping it open for ten working days; disclosure of escrow arrangements, sources of funds, capital structure and pre/post buy-back shareholding; procedures for demat and physical shareholders; auditors' certificate; and investor remedies and taxation notes. Circulars SEBI Thu, 09 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58472