THE GAZETTE OF INDIA
EXTRAORDINARY
PART –III – SECTION 4

PUBLISHED BY AUTHORITY

NEW DELHI, TUESDAY, MAY 29, 2007

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 28th May, 2007

SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) (AMENDMENT) REGULATIONS, 2007.

No.11/LC/GN/2007 – 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, 2007.

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. One lakh rupees (Rs. 1,00,000/-).
More than one crore rupees, but less than or equal to five crore rupees. Two lakh rupees (Rs. 2,00,000/-).
More than five crore rupees, but less than or equal to ten crore rupees. Three lakh rupees (Rs. 3,00,000/-).
More than ten crore rupees, but less than or equal to one thousand crore rupees. 0.5% of the offer size.
More than one thousand crore rupees, but less than or equal to five thousand crore rupees. Five crore rupees (Rs. 5,00,00,000/-) plus 0.125% of the portion of the offer size in excess of one thousand crore rupees (Rs.1000,00,00,000/-).
More than five thousand crore rupees. Ten crore rupees (Rs.10,00,00,000/-).”

[ADVT. III/IV/69ZB/2007/Exty.]

M. DAMODARAN

CHAIRMAN

SECURITIES AND EXCHANGE BOARD OF INDIA

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