https://www.taxtmi.com/acts?id=33291 Sets out mandatory explanatory statement content for company buy-backs: Board meeting date and necessity; maximum buy-back amount and its ratio to paid-up capital and reserves; maximum price and pricing basis; maximum number of securities; buy-back method; promoters' and controllers' aggregate shareholding, six month transaction history with price range and dates, and their intention to tender; confirmations of no subsisting defaults; Board solvency opinion accounting for prospective and contingent liabilities; auditors' report on state of affairs, permissible capital payment, and reasonableness of the Board's opinion; and prior lender approval where covenants are breached. en-us Thu, 20 Dec 2018 14:49:50 +0530 Tue, 17 Sep 2024 12:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33291 Sets out mandatory explanatory statement content for company buy-backs: Board meeting date and necessity; maximum buy-back amount and its ratio to paid-up capital and reserves; maximum price and pricing basis; maximum number of securities; buy-back method; promoters' and controllers' aggregate shareholding, six month transaction history with price range and dates, and their intention to tender; confirmations of no subsisting defaults; Board solvency opinion accounting for prospective and contingent liabilities; auditors' report on state of affairs, permissible capital payment, and reasonableness of the Board's opinion; and prior lender approval where covenants are breached. Act-Rules SEBI Thu, 20 Dec 2018 14:49:50 +0530 https://www.taxtmi.com/acts?id=33291