SEBI V/S MCX: Unique Analysis Manner of Increasing and Maintaining Public Shareholding in Recognized Stock Exchanges Regulations, 2006
Stock exchanges are a fundamental element of the legislative structure which SEBI make conforms in relative to the securities marketplace. The association connecting a stock exchange and SEBI is single foundation on confidence and greatest good quality assurance. Stock exchange is sense of duty spring to construct a complete and sincere revelation of every matter and appropriate particulars which have a manner on the concern as to whether the necessities of the Manner of Increasing and Maintaining Public Shareholding in Recognized Stock Exchanges Regulations, 2006 have been satisfied. The continuation of the buyback agreements was substance situations which have been make known to SEBI. Buyback agreements cannot be apprehended to be against the law as establish in the impugned order of the SEBI on the opinion with the purpose of they represent forward contracts. A buyback presents an alternative on the promisee and no contract for the pay for and sale of shares is complete waiting the opportunity is put into effect. The promissor cannot force the implement of the selection and if the promisee be not to work out the decision in prospect, here would be no contract for the trade and pay for of shares or divide up.