GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
As per SEBI guidelines, the maximum shares buy-back period has been reduced to ____ months from ____ months.
|
|
6 months to 3 months
|
|
|
9 months to 6 months
|
|
|
12 months to 6 months
|
|
|
12 months to 9 months
|
Explanation:
Detailed explanation-1: -Provision for buy-back shall stay open for a period of not less than fifteen days and not letter thirty days from the date of dispatch of the letter of offer. No provision of Buy-back shall be created about one year from the closure of preceding Buy-back.
Detailed explanation-2: -Under the new regulations as introduced by SEBI Companies are required to use 75% (Seventy-five per cent) of the buyback proceedings as well as a reduction of the time when share buybacks are open to 66 (sixty-six) days from the present 90 (ninety) days.
There is 1 question to complete.