Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
In this article, we will discuss the legal analysis about the obligations of the company and merchant banker during the buyback of shares.
The company should nominate a compliance officer & investor’s service center for compliance with the buy-back regulations & to redress the complaints of the investors. The particulars of said security certificates extinguished & destroyed should be furnished by the company to stock exchanges where the securities of the company are listed, within 7 days of extinguishment & destruction of the certificates.
The company shouldn’t buy-back the locked-in securities & non-transferable securities till pendency of the lock-in shares or till the securities become transferable. The company should issue, within the period of 2 days after the completion of buy-back, a public advertisement in a national daily, inter alia, disclosing the following:
Also, Read: Method for Buyback of Shares as per Company Act.
Recommended Article: Legal Background of Buyback of Shares under Companies Act 2013.
The insurance industry is on the edge of a transformative era. As we enter 2024, technological...
The Indian Cybercrime Coordination Centre reported a rise in digital financial fraud, which has...
During its 203rd meeting on 25th November 2023, the Securities and Exchange Board of India (SEB...
If you want to expand your portfolio beyond standard stocks and bonds, Alternative Investment F...
NBFCs in India encounter significant challenges related to the compounded effects of outstandin...
Are you human?: 7 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
In most of the rural areas, dairy farming is the main source of earning a livelihood, and this business is one of t...
07 Oct, 2019
Given the innumerable benefits that the Malaysian business ecosystem provides, manufacturers around the world are i...
10 Sep, 2022