The Securities and Exchange Board of India vide its notification dated 23rd April 2002, to reduce burden of coronavirus crisis, has decided to temporarily relax restriction which barred companies from raising further capital from the securities market for a period of 1 year from the buyback period expiry.
To enable relatively quicker access to capital, it has been decided to temporarily relax the period of restriction provided in Regulation 24(i)(f) of the Buy-back Regulations. Accordingly the words “one year” shall be read as “six months” in the said regulation.
The relaxation shall be applicable up to 31st December 2020.
Click here to read the Notification.
