https://www.taxtmi.com/caselaws?id=384785 The court dismissed the petition challenging the SEBI Circular dated July 25, 2017, finding it lawful and not requiring a complete exit for all public shareholders. The court rejected claims of breaching Minimum Public Shareholding norms and unfair share valuation. It deemed the writ petition against the private company as not maintainable, emphasizing corporate democracy in buyback processes. SEBI's circular was held not to infringe on investors' interests, providing an option rather than a mandate for exit. en-us Thu, 22 Aug 2019 00:00:00 +0530 Fri, 23 Aug 2019 07:30:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384785 The court dismissed the petition challenging the SEBI Circular dated July 25, 2017, finding it lawful and not requiring a complete exit for all public shareholders. The court rejected claims of breaching Minimum Public Shareholding norms and unfair share valuation. It deemed the writ petition against the private company as not maintainable, emphasizing corporate democracy in buyback processes. SEBI's circular was held not to infringe on investors' interests, providing an option rather than a mandate for exit. Case-Laws SEBI Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384785