Thursday, 6 December 2018

GENERAL OBLIGATIONS

Company Obligations.



The company shall make sure that
a, a offer letter , the offer public announcement or any other advertisement, brochure , circular public notice or publicity material referred to in clause (a) of sub-regulation (1) of regulation 5A shall referred to in clause (a) of sub-regulation (1) of Regulation 5A shall referred to in clause (a) of sub-regulation 5A shall contain true, material and factual information and shall not contain any information misleading and must mention that the company directors accept the responsibility for the
maintained information in such documents;
b, the company shall not issue any securities indicated including by way of bonus till the closure date of the offer made under these regulations.
the company shall pay the consideration only by way of cash.
the company shall not withdraw any buy-back offer after the draft letter of filed offer with the Board or public announcement of the offer to buy-back offer is discovered.
the person or the promoter shall not  deal in the securities indicated of the Company in the exchange of stock during the buy-back offer the period is open.
No open buy-back announcement shall be made during any scheme pendency of amalgamation or compromise of pursuant arrangement of the companies Act to the provisions.
the person or the promoter shall not deal in the securities specified of the Company in the stock exchange during the Buy-back offer period is open.
No public announcement shall be made of the buy-back  during any scheme pendency of amalgamation or arrangement pursuant to the Companies Act provisions or compromise.
The Company shall nominate a officer compliance and service of investor center for compliance within the regulations of buy-back and to redress the investors grievances.
the security certificates particulars extinguished and destroyed shall be furnished by the company to the exchanges of the stock where the specified Company securities are listed within extinguishment of seven days and the certificates destruction.


No comments:

Post a Comment