https://www.taxtmi.com/notifications?id=130935 Amendments require buy-back eligibility tests and thresholds to be determined on both standalone and consolidated financial statements. The substituted debt-capital provision mandates that aggregate secured and unsecured debts to paid-up capital and free reserves after buy-back be 2:1 on both bases, subject to higher Companies Act limits, or alternatively be 2:1 after excluding NBFC/HFC subsidiaries regulated by RBI/NHB provided those excluded subsidiaries have a standalone debt-to-capital-and-free-reserves ratio not more than 1[6:1]. Open-market buy-back is limited to less than fifteen per cent on both bases. en-us Thu, 19 Sep 2019 00:00:00 +0530 Mon, 30 Sep 2019 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130935 Amendments require buy-back eligibility tests and thresholds to be determined on both standalone and consolidated financial statements. The substituted debt-capital provision mandates that aggregate secured and unsecured debts to paid-up capital and free reserves after buy-back be 2:1 on both bases, subject to higher Companies Act limits, or alternatively be 2:1 after excluding NBFC/HFC subsidiaries regulated by RBI/NHB provided those excluded subsidiaries have a standalone debt-to-capital-and-free-reserves ratio not more than 1[6:1]. Open-market buy-back is limited to less than fifteen per cent on both bases. Notifications SEBI Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130935