SEBI has approved amendments to buyback and takeover regulations and changed the time for announcing the price band of initial public offering (IPO) from 5 to.....days recently.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SEBI has approved amendments to buyback and takeover regulations and changed the time for announcing the price band of initial public offering (IPO) from 5 to____days recently.

A	10 days
B	9 days
C	7 days
D	2 days

Explanation:

Detailed explanation-1: -Companies can now use 75 per cent of the proceeds of the buyback undertaken through the stock exchange route from the existing minimum of 50 per cent. The timeline for completion of buybacks through tender offers has been reduced by 18 days, Sebi said.

Detailed explanation-2: -SEBI/LAD-NRO/GN/2022/66 dated January 24, 2022, has mandated that the securities that are issued pursuant to investor service request shall henceforth be issued in demat mode only and hence the security certificates (wherever applicable) are retained at our end.

Detailed explanation-3: -According to new SEBI rule, existing shareholders owning more than 20% of pre-issue cannot sale more than 50% of their holding and shareholders with less than 20% pre-issue holding cannot sale more than 10% of their holding.

Detailed explanation-4: -2.1. The pricing guidelines for preferential issues were first introduced on August 04, 1994 mandating that the issue price shall not be less than average of weekly high and low of the closing prices for six months or average of weekly high and low of the closing prices for two weeks preceding the relevant date.

There is 1 question to complete.