Buy-back through stock exchange

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.... referred to in regulation 5 or the resolution passed by the Board of Directors at its meeting as referred to in regulation 5A] shall specify the maximum price at which the buy-back shall be made; (b) The buy-back of the ^3[shares or other specified securities] shall not be made from the promoters or persons in control of the company; (c) The company shall appoint a merchant banker and make ....

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....[shares or other specified securities] shall be made only through the order matching mechanism except 'all or none' order matching system; ^10[(i) the company shall submit the information regarding the shares or other specified securities bought-back, to the stock exchange on a daily basis in such form as may be specified by the Board and the stock exchange shall upload the same on its official....

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....the SEBI (Buy-back of Securities) (Amendment) Regulations, 2001, w.e.f. 28-11-2001 for the words "The special resolution referred to in regulation 5". 3 Substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2004 w.e.f. 18-06-2004 for the words "specified securities", which had earlier been substituted for the word "shares" by the SEBI (Buy-back of Securities) (Amendment) Reg....