General compliance and filing requirements for buy-back

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....or consolidated financial statements of the company, whichever sets out a lower amount]]; and such buy-back has been authorised by the board of directors by means of a resolution passed at its meeting. 4[(c). It has obtained the prior consent of its lenders in case of a breach of any covenant with such lender(s). Explanation: The letter of offer to be prepared by the company in accordance with these regulations shall contain a specific disclosure of the consent obtained by the company from its lender(s).] (ii) Every buy-back shall be completed within a period of one year from the date of passing of the special resolution at general meeting, or the resolution passed by the board of directors of the company, as the case may be. (iii) Th....

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....oter intends to offer his shares or other specified securities, the quantum of shares or other specified securities proposed to be tendered and the details of their transactions and their holdings for the last six months prior to the passing of the special resolution for buy-back including information of number of shares or other specified securities acquired, the price and the date of acquisition. (v) A copy of the resolution passed at the general meeting under sub-section (2) of section 68 of the Companies Act shall be filed with the Board and the stock exchanges where the shares or other specified securities of the company are listed, within 5[seven working days] from the date of passing of the resolution. (vi) Where the buy-back is fr....