https://www.taxtmi.com/highlights?id=83451 This notification amends the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. Key changes include: modifying the calculation of maximum permissible buyback size based on lower of two amounts; allowing promoters not participating in buyback to be excluded from entitlement ratio computation; prohibiting further share issuances during buyback period except for discharging subsisting obligations; mandating disclosure of subsisting obligations and their impact in buyback documents; specifying additional disclosures on cover page of Letter of Offer regarding entitlement ratio and weblink for shareholders to check entitlement. The amendments aim to enhance transparency, protect interests of non-participating shareholders, and streamline buyback regulations. en-us Thu, 28 Nov 2024 17:46:48 +0530 Thu, 28 Nov 2024 17:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83451 This notification amends the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. Key changes include: modifying the calculation of maximum permissible buyback size based on lower of two amounts; allowing promoters not participating in buyback to be excluded from entitlement ratio computation; prohibiting further share issuances during buyback period except for discharging subsisting obligations; mandating disclosure of subsisting obligations and their impact in buyback documents; specifying additional disclosures on cover page of Letter of Offer regarding entitlement ratio and weblink for shareholders to check entitlement. The amendments aim to enhance transparency, protect interests of non-participating shareholders, and streamline buyback regulations. Highlights SEBI Thu, 28 Nov 2024 17:46:48 +0530 https://www.taxtmi.com/highlights?id=83451