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Showing posts from June, 2013

New Norms for Buy Back Through Open Market Purchase

With an intent to streamline the regulatory framework with the dynamic business environment and at the same time ensuring the transparency and interest of varied stakeholders, the Capital Market Regulator, SEBI in its Board meeting dated June 25, 2013 has taken certain important decisions. A gist of the important decisions and their analysis are outlined as follows: 1. New Norms for Buy Back through Open Market Purchase:
In order to align regulatory requirements with the changing market realities as well as to enhance efficiency of the buy-back process, SEBI has approved the following changes for buyback of shares or other specified securities from the open market through stock exchange mechanism:

SEBI (Issue & Listing of Non Convertible Redeemable Preference Shares) Regulations, 2013.

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SEBI notifies Regulations for issuance and listing of Non-Convertible Redeemable Preference Shares Ms. Anjali Aggarwal
Vice President
+919971673336
anjali@indiacp.com With a view to foster the fund raising options for Corporates and Banks and at the same time ensuring transparency and interest of investors, the Capital Market Regulator, SEBI, has notified a new set of Regulations to govern issuance and listing of Non-Convertible Redeemable Preference Shares(NCRPS), to be called SEBI (Issue and Listing of Non Convertible Redeemable Preference Shares) Regulations, 2013.

SEBI’s initiative is surely a welcoming step that ensures lucidity in the regulatory framework of NCRPS on one hand and widens the avenues for raising funds for the companies including Banks.