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Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.

Buy Back

A company can buy back its shares in the following manners:
  1. From the existing shareholders on a proportionate basis through the tender offer
  2. From open market through:-
    • Book building process
    • Stock exchange
  3. From odd lot holders
A company may buyback its shares without any resolution of the shareholders, to the extent of 10% of the paid up equity capital and reserves. If a company intends to buyback its shares to the extent of 25% of its paid up capital and reserves, then the same has to be approved by Shareholders Resolution as specified in Section 77A of Companies Act, 1956

Listed companies are required to inform the stock exchange of general meetings and resolutions passed there. Information on companies offering to buyback shares may be obtained from the stock exchanges. After a buyback offer document or public announcement is filed with SEBI, it issues a press release and the offer document is put on the SEBI website in the primary market page under the head “buyback”