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SEBI proposes revised norms relating to buy-back of securities

SEBI proposes revised norms relating to buy-back of sec

The Companies Act, 2013 (Sections 68 to 70) and the Securities and Exchange Board of India (SEBI) (Buy-back of Securities) Regulations 2018 prescribe certain conditions subject to which a company can purchase its own shares or other specified securities.

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The Companies Act, 2013 (Sections 68 to 70) and the Securities and Exchange Board of India (SEBI) (Buy-back of Securities) Regulations 2018 prescribe certain conditions subject to which a company can purchase its own shares or other specified securities.

On 22 May 2019, SEBI issued a Discussion Paper (DP) proposing revised norms with respect to meeting the conditions for buy-back by listed companies.

The comments on the proposals can be submitted up to 12 June 2019.

This issue of First Notes provides an overview of the proposals made by SEBI.

To access the text of the DP issued by SEBI, please click here.

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