Regulation 7 - Additional disclosures - Securities and Exchange Board of India (Buy Back Of Securities) Regulations, 1998

Additional disclosures 7. The explanatory statement annexed to the notice under section 173 of the Companies Act, 1 [***] shall contain the disclosures mentioned in regulation 5 2 [***] and also the following disclosures:- (a) the 3 [maximum] price at which the buy-back of 4 [shares or other specified securities] shall be made 5 [and whether the Board of Directors of the company are being authorised at the general meeting to determine subsequently the specific price at which the buy-back may be made at the appropriate time]; (b) if the promoter intends to offer their 6 [shares or other specified securities], (i) the quantum of 7 [shares or other specified securities] proposed to be tendered, and (ii) the details of their transactions and their holdings for the last six months prior to the passing of the special resolution for buy-back including information of number of 8 [shares or other specified securities] acquired, the price and the date of acquisition. ********* 1 Words or the public notice under sub-regulation (1) of regulation 5A omitted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2012, w.e.f. 07-02-2012. 2 Words or regulation 5A omitted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2012, w.e.f. 07-02-2012. 3 Inserted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 4 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. 5 Inserted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 6 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. 7 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. 8 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.