The paper proposes, reintroducing open market buy-backs through stock exchanges with a completion timeline of 66 working days, mandating electronic intimation to shareholders, removing the requirement for a separate trading window, and freezing promoter holdings at the ISIN level during buy-back periods. It also proposes introducing explicit compliance with Minimum Public Shareholding norms and aligning the interval between two buy-backs with the Companies Act. It also suggests dispensing with the mandatory appointment of merchant bankers. The feedback/ comments from the stakeholders are invited.