Current Affaires- New buyback of shares proposed rules by SEBI in the process of restrictions on buy back *Atleast 50% of shares to be bought back out of declared shares available for BUY BACK(penalties for non compliance) *25% of expenditure required forbuy back should be kept in escrow account *Buy back shall be completed within 6Mnths(previously 1 year) *consideration for buy back shall be paid as daily price basis *Company Once failed in BB can not go for BB Till One year *Tender based buying is sought by SEBI instead of Open market BB.
Posted on: Mon, 24 Jun 2013 05:10:16 +0000
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