TMI BlogDisclosures to be made in the letter of offerX X X X Extracts X X X X X X X X Extracts X X X X ..... l, inter-alia, contain the following: (i) Details of the offer including the total number and percentage of the total paid up capital and free reserves proposed to be bought-back and price; (ii) The proposed time table from opening of the offer till the extinguishment of the certificates; (iii) Authority for the offer of buy-back; (iv) A full and complete disclosure of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ether with financial ratios as may be specified by the [1] [Central Government]; (x) Present capital structure (including the number of fully paid and partly paid securities) and shareholding pattern; (xi) The capital structure including details of outstanding convertible instruments, if any, post buy-back; (xii) The aggregate shareholding of the promoter group and of the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... obtained; (xvi) (1) A declaration to be signed by at least two whole-time directors that there are no defaults subsisting in repayment of deposit, redemption of debentures or preference shares or repayment of a term loans to any financial institutions or banks; (2) A declaration to be signed by at least two whole time directors, one of whom shall be the managing director stating that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es Act, 1956 (including prospective and contingent liabilities); (xvii) The declaration must in addition have annexed to it a report addressed to the directors by the company's auditors stating that (1) they have inquired into the company's state of affairs, and (2) the amount of permissible capital payment for the securities in question is in their view properly determined; and (3) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Unlisted Public Limited Company (Buy-back of Securities) (Amendment) Rules, 2000, w.e.f. 2-3-2000. [2] Inserted by the Pvt. Ltd. Company and Unlisted Public Limited Company (Buy-back of Securities) (Amendment) Rules, 2000, w.e.f. 2-3-2000. [3] Inserted by Notification No. GSR 348(E), dated 23-4-2003, w.e.f. 23-4-2003. - - statute, statutory provisions legislation, law, enactment, Acts, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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