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TMI BlogBuy-back through stock exchangeX X X X Extracts X X X X X X X X Extracts X X X X ..... resolution passed by the Board of Directors at its meeting as referred to in regulation 5A] shall specify the maximum price at which the buy-back shall be made; (b) The buy-back of the 3[shares or other specified securities] shall not be made from the promoters or persons in control of the company; (c) The company shall appoint a merchant banker and make a public announcement as referred to in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y through the order matching mechanism except 'all or none' order matching system; 10[(i) the company shall submit the information regarding the shares or other specified securities bought-back, to the stock exchange on a daily basis in such form as may be specified by the Board and the stock exchange shall upload the same on its official website immediately;] 11[(ia) The company shall upload th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the words "The special resolution referred to in regulation 5". 3 Substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2004 w.e.f. 18-06-2004 for the words "specified securities", which had earlier been substituted for the word "shares" by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 4 Inserted by SEBI (Buy-back of Securities) (Amen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ulations, 2004 w.e.f. 18-06-2004 for the words "specified securities", which had earlier been substituted for the word "shares" by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 10 Substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2013 w.e.f. 08-08-2013 which had earlier been substituted by SEBI (Buy-back of Securities) (Amendment) Regu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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