Guidelines in respect of the disclosures to be made in the Letter of offer in respect of buy back of securities in terms of SEBI (Buy Back of Securities) Regulations, 1998 and Format of Standard letter of offer

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ervision - 2 MIRSD/DPS-2/MB/Cir-02/8859/04 May 07, 2004 To All Registered Merchant Bankers Dear Sirs, Sub: Guidelines in respect of the disclosures to be made in the Letter of offer in respect of buy back of securities in terms of SEBI (Buy Back of Securities) Regulations, 1998 and Format of Standard letter of offer As you are aware that regulation 8 of the SEBI (B .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to further strengthen the disclosures as made in the Letter of Offers, it was also felt that in terms of clause 25 of Schedule III of the Regulations, certain additional disclosure requirements may also be specified. In order to provide the requisite information to the shareholders as per the Regulations it was felt that a standard letter of offer providing for the disclosures as per Schedule I .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e said format is also available on SEBI s web site at www.sebi.gov.in. You are advised to follow the said format while preparing the draft letter of offers and to ensure filing the same in terms of regulation 8 (4) of the Regulations. This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with regulation 8 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X