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Jun 18, 2018
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Sebi plans to revise share buy-back regulations
Markets regulator Securities and Exchange Board of India (Sebi) plans to revise the regulations for share buy-backs wherein more clarity would be provided on various aspects, including on the requirement to make public announcements, according to a senior official.The watchdog has carried out a review of the current buy-back norms in order to simplify the language, remove inconsistencies and update the references to the new Companies Act that came into force in April 2014.The official said definition of buy-back period and clarity on the requirement to make public announcement for buy-back offer after declaration of postal ballot results would be provided in the amended regulations.
Source -
https://www.livemint.com
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