TMI BlogBuy-back through stock exchangeX X X X Extracts X X X X X X X X Extracts X X X X ..... in regulation 5 or the 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 9 [shares or other specified securities] shall be made only 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bstituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2001, w.e.f. 28-11-2001 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) (A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... changes with electronic trading facility; 9 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. 10 Substituted by the SEBI (Buy-back of Securities) (Amendment) Regula ..... X X X X Extracts X X X X X X X X Extracts X X X X
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