Securities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2019

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....ENT) REGULATIONS, 2019 No. SEBI/LAD-NRD/GN/2019/33.-In exercise of the powers conferred by sub-sections (1) and (2) of section 11 and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with clause (f) of sub-section (2) of section 68 of the Companies Act, 2013, the Board hereby makes the following regulations to further amend the Securities and Exchange Board o....

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....egate of secured and unsecured debts owed by the company to the paid-up capital and free reserves after buy-back shall,-: a) be less than or equal to 2:1, based on both standalone and consolidated financial statements of the company: Provided that if a higher ratio of the debt to capital and free reserves for the company has been notified under the Companies Act, 2013, the same s....

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....cent of the paid up capital and free reserves of the company, based on both standalone and consolidated financial statements of the company." II. In regulation 5, in sub-regulation (i), in clause (b), in the proviso, after the word "company" and before the symbol ";", the words and symbol ", based on both standalone and consolidated financial statements of the company" shall be inserted. ....