Buyback of Securities
Read the special resolution regarding the proposed buyback in detail and then vote for it
Compare the price offered in the buyback with the market price during last few months as also with the company’s Earning per Share, Book Value etc. and then determine whether the price offered is reasonable
Read the instructions for making the application for tendering of shares carefully
Ensure that your application reaches the collection centre within the prescribed time
If you don’t get the letter of offer within a reasonable period, contact the concerned Merchant Banker
Mention all details as required in the letter of offer legibly
Furnish all the documents asked for in the letter of offer
Send application through the mode (post/courier/hand delivery/ ordinary post etc.) specified in the letter of offer
Contact Merchant Banker if no response is received from the company regarding consideration for tendered shares within the stipulated time
Contact Compliance Officer mentioned in the letter of offer in case of any grievance against the company
Issue cheques/drafts in trade name of the broker only
Contact the Registrar of Companies in case you feel that provisions of the Companies Act have been violated
Contact the Merchant Banker in case of any grievance against the procedure followed in the buyback
Don’t submit multiple applications
Don’t forget to fill up the application legibly
Don’t mutilate the application form
Don’t cross/ cut in the application form
Don’t send the application form to a wrong address
Don’t send the application form after the close of offer
Don’t forget to give complete information in the application form
Don’t forget to sign the application form
Don’t give wrong/ contradictory information on the application form
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