Operational Guidance - Amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (“Buy-back Regulations”) - SEBI - SEBI/HO/CFD/PoD-2/P/CIR/2023/35

..... v.in/sebi_data/commondocs/mar-2023/Gazette_Notification_p.pdf Applicability of Regulations 2. The aforementioned amendment regulations shall come into force on 30th day of the date of notification. 3. Accordingly, the amendment regulations shall be made effective for all buy-back offers where the Board of Directors of the company approve resolution with respect to Buy-back on or after 30th day of the date of notification of this amendment in the official gazette (i.e. March 09, 2023). Buyback th .....

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Operational Guidance - Amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (“Buy-back Regulations”) - SEBI

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..... nsure the compliance with the aforesaid provisions. The Stock Exchange shall monitor their compliance and in case of any instance(s) of such non-compliance shall impose appropriate fines and/or other enforcement actions as deem fit. Margin Requirement for deposits in Escrow Account 7. As per the sub-clause (c) of Clause (xi) of Regulation 9 and Clause (ii) of Regulation 20 of the Buy-back Regulations, the escrow account shall consist of cash and/or other than the cash. 8. The portion of escrow a .....

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Operational Guidance - Amendment to Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (“Buy-back Regulations”) - SEBI

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