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
