Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1


Ratings: (0)|Views: 9|Likes:
Published by routraykhushboo

More info:

Categories:Types, Business/Law
Published by: routraykhushboo on Jan 03, 2012
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less





What is the manner in which the company can buy back its own shares?
The company can buy back its shares in any of the following manners :From the existing shareholders on a proportionate basis through the tender offer;i.From open market through:ii.Book building processa.Stock exchange,b. i. From odd lot holders.
Can a company buyback its shares without passing shareholders’ resolution?
Yes.Acompanymaybuybackitsshareswithoutshareholders’resolution,totheextentof10%ofitspaidupequitycapitalandreserves.However,ifacompanyintendstobuybackitssharestotheextentof25%ofitspaidupcapitalandreserves/thenthesamehastobeapprovedbyShareholdersResolutionasspecifiedinSection77AofCompanies Act, 1956.
Where can one get details of companies proposing to buyback their shares?
Listedcompaniesarerequiredtointimatethestockexchangeofgeneralmeetingsandresolutionspassed1.thereof.Hence,informationoncompaniesproposingtobuybacksharesmaybeobtainedfromthestockexchanges.WhenbuybackofferdocumentorpublicannouncementisfiledwithSEBI,SEBIissuesapressreleaseandthe2.offer document is put on the SEBI website under primary market page under the head "buyback".
How does one tender ones Shares for buyback, in the tender offer method?
page: 1[ www.sebi.gov.in ]
and enclose the documents asked for, by the company.
How does one participate in the buyback in case one does not receive the tender/offer form?
Youcanmakeanapplicationonplainpaperstatingyourfolionumber,name,address,numberofsharesheld,sharecertificatenumber,distinctivenumbers,numberofsharestendered,togetherwiththeoriginalsharecertificateandtender the same at the collection centres/registrars, as mentioned in the public announcement.
Can you tender your shares for buyback if you are not a registered shareholder?
What is the manner in which the company decides the acceptances from each shareholders?
Incasethesharesofthecompanyaretradablecompulsorilyindematsegment,theacceptancesfromanyinvestorshallbeonaproportionatebasisirrespectiveofthenumberofsharestenderedinthebuyback,andirrespectiveofwhether shares are in physical or demat form.Ifthesharesarenotincompulsorydematsegment,firsttheentiresharestenderedbeinglessthantheminimummarketlotshallbeacceptedinfull.Thereafter,theacceptanceswillbeonproportionatebasisinamannertoensurethat the acceptances are in market lot. In such a case, a draw of lots shall be done, as in the case of public issues.
When will the shareholder receive intimation about acceptance of his shares?
The company is required to send intimation to the tenderers within 15 days from the closure of the offer.
When will the shareholder receive the consideration/the share certificate?
The company is required to send the above, within 21 days from the closure of the buyback offer.
page: 2[ www.sebi.gov.in ]

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->