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?Solution
As per Sec 68 of Companies Act: • Buyback ≤ 25% of paid-up capital + free reserves = 25% of ₹200L = ₹50L • Max buyback of paid-up equity capital only = 25% of ₹80L = ₹20L face value • At ₹20/share ⇒ 2L shares × ₹20 = ₹40L So, actual outflow: ₹40L But limit under act is 25% of total paid-up + reserves = ₹50L ⇒ Can use max ₹50L Answer: ₹50L
In the following question, select the related word from the given alternatives.
BURIED : SNGCZX :: LEGAL : ?
Select the option that is related to the third word in the same way as the second word is related to the first word.
Brave : Coward :: Honest : ?
If D = 12, AGE = 39, then ‘JADE’ will be equal to?
If 42 @ 21 = 18' and 35 @ 27 = 18', then 46 @ 32 = ?'. What will come in place of question mark?
8, 20, 48, 108, 232, 482
- Select the option that is related to the third term in the same way as the second term is related to first term and the sixth term is related to the Fifth ...
Select the set in which the numbers are related in the same way as are the numbers of the following set. (NOTE: Operations should be performed on the wh...
Select the option that is related to third letter cluster in the same way second letter cluster is related to first letter cluster.
REASON: WVF...
Select the related number from the given alternatives.
42 : 12 :: 96 : ?
- Select the set in which the numbers are related in the same way as are the numbers of the following set.
(9, 11, 40)
(15, 7, 176)
