https://www.taxtmi.com/acts?id=35122 Immediately after offer closure the company must open a special account with a banker to an issue registered with the Board and deposit the sum which, together with ninety per cent of the escrow amount, equals the total consideration for the buy-back, with the company permitted to transfer funds from the escrow account. The company must verify offers and, within seven working days of closure, pay accepted security-holders in cash or return shares or other specified securities to security-holders whose offers are not accepted. en-us Wed, 16 Jan 2019 15:36:12 +0530 Thu, 17 Jan 2019 12:44:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35122 Immediately after offer closure the company must open a special account with a banker to an issue registered with the Board and deposit the sum which, together with ninety per cent of the escrow amount, equals the total consideration for the buy-back, with the company permitted to transfer funds from the escrow account. The company must verify offers and, within seven working days of closure, pay accepted security-holders in cash or return shares or other specified securities to security-holders whose offers are not accepted. Act-Rules SEBI Wed, 16 Jan 2019 15:36:12 +0530 https://www.taxtmi.com/acts?id=35122