Regulation 3 - Applicability - Securities and Exchange Board of India (Buy Back Of Securities) Regulations, 1998

CHAPTER II CONDITIONS OF BUY-BACK 1 [Applicability 3. (1) These regulations shall be applicable to buy-back of shares or other specified securities of a company listed on a stock exchange. (2) Notwithstanding anything contained in sub-regulation (1), a company listed on a stock exchange shall not buy-back its shares or other specified securities so as to delist its shares or other specified securities from the stock exchange.] ********* 1 Regulation 3 substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2004 w.e.f. 18-06- 2004. Prior to its substitution, it read as under:- 3. Applicability. These regulations shall be applicable to buy-back of equity shares of a company listed on a stock exchange