TMI BlogGeneral compliance and filing requirements for buy-backX X X X Extracts X X X X X X X X Extracts X X X X ..... 3 [ ,based on the standalone 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... back may be made at the appropriate time; ii) if the promoter 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny. 7 [ (ix) For the purpose of these regulations, all the filings to the Board shall be made only in electronic mode after being digitally signed by the company secretary or the person authorized by the board of the company. ] ************* NOTES:- 1. Inserted vide NOTIFICATION No. SEBI/LAD-NRD/GN/2019/33 dated 19-09-2019 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date of their publication in the Official Gazette before it was read as, or odd lot) 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/120 dated 07-02-2023 w.e.f. thirtieth day from the date of their publication in the Official Gazette before it w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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