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TMI BlogObligations of the companyX X X X Extracts X X X X X X X X Extracts X X X X ..... way of bonus till the date of closure of the offer made under these regulations; (c) the company shall pay the consideration only by way of cash; (d) the company shall not withdraw the offer to buy-back after the draft letter of offer is filed with the Board or public announcement of the offer to buy-back is made; (e) the promoter or the person shall not deal in the 3 [shares or other specified securities] of the company in the stock exchange 4 [or off-market, including interse transfer of shares among the promoters] during the period 5 [from the date of passing the resolution under regulation 5 or regulation 5A till the closing of the offer.] 6 [(f) the company shall not raise further capital for a period of one ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per cent of total 17 [shares or other specified securities] were bought back; and (v) the consequent changes in the capital structure and the shareholding pattern after and before the buy-back. (8) The company in addition to these regulations shall comply with the provisions of buy-back as contained in the Companies Act and other applicable laws. ********* 1 The words or public notice referred to in clause (a) of sub-regulation (1) of regulation 5A omitted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2012, w.e.f. 07-02-2012. 2 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lations, 1999, w.e.f. 21-09-1999. 11 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. 12 Sub-regulation (6) omitted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21- 09-1999. Prior to its omission, sub-regulation (6) read as follows: Where the shares have been bought back otherwise than out of the proceeds of an earlier issue other than a fresh issue of shares made specifically for the purpose of buy-back then a sum equal to the nominal value of shares bought back out of free ..... X X X X Extracts X X X X X X X X Extracts X X X X
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