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    Question

    Which among the following option is a correct

    consideration for Buy Back of shares?
    A The shares to be bought back, must be paid to the extent of 75% of the calls as a % to the face value Correct Answer Incorrect Answer
    B New buy back can鈥檛 be made within 15 months of the closing of previous buy back offer Correct Answer Incorrect Answer
    C Buy Back offer shall remain open for not less than 15 days and not more than 30 days Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E A and b are correct Correct Answer Incorrect Answer

    Solution

    All shares for buy back should be fully paid up 路聽聽聽聽聽聽聽聽 The buy-back of the shares or other specified securities listed on any recognized stock exchange must be in accordance with the regulations made by SEBI 路聽聽聽聽聽聽聽聽 Every buy back must be completed within a period of 12 months (1 year) from the date of passing of special resolution or the Board of Directors resolution, as the case may be 路聽聽聽聽聽聽聽聽 No new buy back can be made within one year of closing of previous buy-back offer. 路聽聽聽聽聽聽聽聽 A company shall extinguish and physically destroy the securities so bought back within 7 days of completion of buy back. 路聽聽聽聽聽聽聽聽 Buy Back offer shall remain open for not less than 15 days and not more than 30 days

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