TaxTMI 
TaxTMI 
Obligations of the company
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....losure of the offer made under these regulations; (c) the company shall pay the consideration only by way of cash; (d) the company shall not withdraw the offer to buy-back after the draft letter of offer is filed with the Board or public announcement of the offer to buy-back is made; (e) the promoter or the person shall not deal in the 3[shares or other specified securities] of the company in the stock exchange 4[or off-market, including interse transfer of shares among the promoters] during the period 5[from the date of passing the resolution under regulation 5 or regulation 5A till the closing of the offer.] 6[(f) the company shall not raise further capital for a period of one year from the closure of buy-back offer, except in dis....
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.... the capital structure and the shareholding pattern after and before the buy-back. (8) The company in addition to these regulations shall comply with the provisions of buy-back as contained in the Companies Act and other applicable laws. ********* 1 The words "or public notice referred to in clause (a) of sub-regulation (1) of regulation 5A" omitted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2012, w.e.f. 07-02-2012. 2 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) Regulations, 1999, w.e.f. 21-09-1999. 3 Substituted by the SEBI....
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....ecified securities", which had earlier been substituted for the word "shares" by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 12 Sub-regulation (6) omitted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21- 09-1999. Prior to its omission, sub-regulation (6) read as follows: "Where the shares have been bought back otherwise than out of the proceeds of an earlier issue other than a fresh issue of shares made specifically for the purpose of buy-back then a sum equal to the nominal value of shares bought back out of free reserves shall be transferred to reserve account to be called the capital buyback reserve account. provided that the capital buy back reserve account may be ....