Question
A company has a paid-up share capital of ₹80 lakh and free reserves of ₹120 lakh. It plans to buy back 25% of its paid-up equity shares. The face value per share is ₹10 and buyback price is ₹20. What is the maximum amount that can be used for buyback as per Companies Act, 2013?
More Accounts Questions
- In a job order company, factory overheads are allocated using machine hours. Actual overhead = ₹5 lakh, standard overhead based on actual hours = ₹6 lakh. ...
- What is the standard range of a CIBIL score used for individual credit evaluation in India?
- Which of the following statements correctly describe credit risk assessment and credit risk management?
- What is the provisioning requirement on a loan classified as a standard asset and given to an MSME enterprise?
- Under CGTMSE, what is the general provisioning requirement on loans covered under guarantee in case of default?
- The coefficient of correlation takes the value in which of the following ranges?
- Contribution is calculated as:
- Which of the following statement is incorrect?
- The manager of a firm is entitled to a commission of 5% of Net profit after charging such commission. Net profit before charging commission is ₹ 42,000. Ca...
- Which of the following tools is used specifically for "Fine-tuning" liquidity beyond the main 14-day operations?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)