https://www.taxtmi.com/acts?id=54786 A company undertaking buy-back may dispense with a merchant banker, but must allocate the merchant banker's functions to specified persons so the buy-back remains compliant. The company must handle the letter of offer, public announcement, final report, funding arrangements, and Companies Act compliance, while the secretarial auditor, statutory auditor, stock exchanges, and compliance officer perform the assigned certification, escrow, verification, and extinguishment-related functions. en-us Tue, 07 Jul 2026 16:31:35 +0530 Tue, 07 Jul 2026 16:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54786 A company undertaking buy-back may dispense with a merchant banker, but must allocate the merchant banker's functions to specified persons so the buy-back remains compliant. The company must handle the letter of offer, public announcement, final report, funding arrangements, and Companies Act compliance, while the secretarial auditor, statutory auditor, stock exchanges, and compliance officer perform the assigned certification, escrow, verification, and extinguishment-related functions. Act-Rules SEBI Tue, 07 Jul 2026 16:31:35 +0530 https://www.taxtmi.com/acts?id=54786