Obligations of the company
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....rities] including by way of bonus till the date of closure 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 furthe....
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....ing one per cent of total ^17[shares or other specified securities] were bought back; and (v) the consequent changes in 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 be....
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....mendment) Regulations, 1999, w.e.f. 21-09-1999. 11 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. 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 bac....
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