Urgent-buyback amendments for ipce nov14

lavanya (student) (958 Points)

15 November 2014  

My brother is writing ipce exams. There are any amendments in buyback chapter which is applicable for tomorrow exam? I heard that SEBI has changed the % of minimum rate of buyback from open market, from 25% to 15% of paid up equity capital and free reserves. Is this amendment applicable for November 2014 IPCC exam? Please help me