Answer the followings with reasons, with reference to SEBI Buyback Regulations, whether these buy-back are as per the provisions of the regulations? The company has made buy-back of shares out of the proceeds of an earli
CS Executive · Securities Laws and Capital Markets · PYQS · December 2021
Answer the followings with reasons, with reference to SEBI Buyback Regulations, whether these buy-back are as per the provisions of the regulations? The company has made buy-back of shares out of the proceeds of an earlier issue of the same kind of shares.
Answer & Explanation:
As per the conditions and requirements for buyback of shares provided under the SEBI Buyback Regulations, the Buyback shall not be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities of the company. Therefore, this statement is not as per the provisions of the SEBI Buyback Regulations.
Topics: Buy-back of Securities
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