Regulation 12 on odd-lot share buy-backs removed from SEBI Buy-back Regulations, 2018, effective March 2023.
Regulation 12 of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, previously addressed the buy-back of odd-lot shares through a tender offer. This provision was applicable to odd-lot shares or other specified securities in a manner similar to the general buy-back regulations. However, this specific regulation was omitted following a notification issued on February 7, 2023, which took effect thirty days after its publication in the Official Gazette.
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