https://www.taxtmi.com/acts?id=35132 Regulation 19 requires that companies conducting a buy-back ensure truthful, director certified disclosure in the letter of offer and publicity; refrain from issuing further shares or specified securities until the offer closes; pay consideration only in cash; not withdraw the offer after filing the draft letter or making the public announcement; restrict promoter dealings in listed securities from resolution to closure; and generally not raise capital for one year post closure except to meet subsisting obligations. Additional obligations include nomination of a compliance officer, reporting extinguished certificates to exchanges within seven days, prohibition on buying locked in or non transferable securities, and specified post completion public disclosures. en-us Wed, 16 Jan 2019 16:49:10 +0530 Thu, 17 Jan 2019 12:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35132 Regulation 19 requires that companies conducting a buy-back ensure truthful, director certified disclosure in the letter of offer and publicity; refrain from issuing further shares or specified securities until the offer closes; pay consideration only in cash; not withdraw the offer after filing the draft letter or making the public announcement; restrict promoter dealings in listed securities from resolution to closure; and generally not raise capital for one year post closure except to meet subsisting obligations. Additional obligations include nomination of a compliance officer, reporting extinguished certificates to exchanges within seven days, prohibition on buying locked in or non transferable securities, and specified post completion public disclosures. Act-Rules SEBI Wed, 16 Jan 2019 16:49:10 +0530 https://www.taxtmi.com/acts?id=35132