https://www.taxtmi.com/acts?id=33277 Buy-back through the stock exchange is restricted to exchanges having nationwide trading terminals and cannot be made from promoters or persons in control of the company. It must be executed through the order matching mechanism, subject to the stated exception for the 'all or none' system, and is limited to frequently traded shares and to the Board's restrictions on bids, price and volume. The company must appoint a merchant banker, make a public announcement, send electronic intimation to shareholders, file the announcement with the Board and stock exchanges, and no draft letter of offer or letter of offer is required for open market buy-back. en-us Thu, 20 Dec 2018 14:33:44 +0530 Tue, 07 Jul 2026 14:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33277 Buy-back through the stock exchange is restricted to exchanges having nationwide trading terminals and cannot be made from promoters or persons in control of the company. It must be executed through the order matching mechanism, subject to the stated exception for the 'all or none' system, and is limited to frequently traded shares and to the Board's restrictions on bids, price and volume. The company must appoint a merchant banker, make a public announcement, send electronic intimation to shareholders, file the announcement with the Board and stock exchanges, and no draft letter of offer or letter of offer is required for open market buy-back. Act-Rules SEBI Thu, 20 Dec 2018 14:33:44 +0530 https://www.taxtmi.com/acts?id=33277