Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2006 S.O. No. 1331 (E). In exercise of powers conferred by sub-section (1) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with clause (f) of sub-section (2) of Section 77A of the Companies Act, 1956 (1 of 1956) the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, namely:-
1. These Regulations may be called the Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2006.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, in Schedule IV, for paragraph (1), the following paragraph shall be substituted, namely:-
“(1). Every merchant banker shall while submitting the offer document or a copy of the public announcement to the Board, pay fees as set out below:- Offer size Fee (Rs.) Less than or equal to one crore rupees 1,00,000 More than one crore rupees, but less than or equal to five crore rupees 2,00,000 More than five crore rupees, but less than or equal to ten crore rupees 3,00,000 More than ten crore rupees 0.5% of the offer size”
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