Court Reviews Stock Exchange Petition Over Non-Disclosure of Buyback Agreements to SEBI; Promoters Promise Compliance.

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Full Text of the Document

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....Petition for Permission to Undertake Business as a Stock Exchange - The effect of the non-disclosure of the buyback agreements to SEBI should be considered having regard to the fact that a genuine attempt has been made by the promoters by tendering an undertaking to the Court that their shareholding together shall not exceed five per cent of the equity capital, notwithstanding the exercise of the options - HC....