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TMI BlogSecurities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2024X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 No. SEBI/LAD-NRO/GN/2024/210.--In exercise of the powers conferred by sub-sections (1) and (2) of section 11 and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with clause (f) of sub-section (2) of section 68 of the Companies Act, 2013 (18 of 2013), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bol ", after excluding financial statements", shall be substituted by the words "is lower"; ii. in sub-regulation (iv), in clause (a), - 1. the symbol ";" appearing after the words "tender offer" shall be substituted by the symbol ":"; 2. after the existing clause, the following new proviso shall be inserted, namely,- "Provided that in case any member of the promoter / promoter group has d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ew proviso shall be inserted, namely,- "Provided that the relevant details and the potential impact of such subsisting obligations, if any, shall be disclosed in the public announcement." IV. in Schedule II, in the table, in the column titled "content", after item (ii), the following new item shall be inserted, namely,- "(iii) Disclosures of the relevant details and the potential impact of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mely,- "(xviii) The relevant details and the potential impact of subsisting obligations, if any." BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./699/2024-25] Footnotes: 1. The Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 were published in the Gazette of India on September 11, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/32. 2. The Securities an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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