https://www.taxtmi.com/acts?id=33266 Companies must obtain corporate authorization and statutory approvals before a buy-back: generally a special resolution or, for limited board-authorised buy-backs, a board resolution. Prior lender consent is required where covenants are breached and must be disclosed. The board must specify maximum price for open market buy-backs; in tender offers the board may raise the maximum price while reducing securities so aggregate size is unchanged. Buy-backs must be completed within one year and require prescribed electronic filings, disclosure in the explanatory statement, and post-buy-back returns to regulators. en-us Thu, 20 Dec 2018 14:19:24 +0530 Thu, 08 Aug 2024 16:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33266 Companies must obtain corporate authorization and statutory approvals before a buy-back: generally a special resolution or, for limited board-authorised buy-backs, a board resolution. Prior lender consent is required where covenants are breached and must be disclosed. The board must specify maximum price for open market buy-backs; in tender offers the board may raise the maximum price while reducing securities so aggregate size is unchanged. Buy-backs must be completed within one year and require prescribed electronic filings, disclosure in the explanatory statement, and post-buy-back returns to regulators. Act-Rules SEBI Thu, 20 Dec 2018 14:19:24 +0530 https://www.taxtmi.com/acts?id=33266