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.
Table of Contents
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.
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
Are you human?: 9 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Trademark registration in Qatar is governed and regulated by Law No. 9 of 2002 on Trademarks, Trade Indications, Tr...
18 Mar, 2023
There are a number of ways through which an international business can enter the UAE market. An ideal market entry...
13 Sep, 2022
Chat on Whatsapp
Hey I'm Suman. Let's Talk!