Question
Which of the following statement related to Buy back of
shares is incorrect?Solution
A company may purchase its own shares or other specified securities out of: o Its Free Reserves o The Securities Premium Account, or o The proceeds of any shares or any other securities § No buy back shall be made out of the proceeds of an earlier issue of the same kind of shares or other specified securities · Proceeds of Earlier Issue - Points of Consideration o Buy back of equity shares is not allowed out of fresh issue of equity shares o However, Buy back is allowed out of an earlier issue of securities other than the equity shares such as preference shares, debentures, etc. for the purpose of redemption. Snapshot from study notes of the ixamBee SEBI course covering topic in detail 
Who is the author of the book ‘Quest for Restoring Financial Stability in India’?
Government lowered the export obligation under a key incentive scheme Export Promotion Capital Goods (EPCG) for 192 products whose exports had declined ...
What is the rank of Madhya Pradesh in coal production within India?
Which bank has partnered with HDFC Life to offer life insurance products to its customers & to deliver a host of benefits to customers seeking financial...
What approval has Zomato Payments Private Limited (ZPPL) received from the Reserve Bank of India (RBI), and when does it come into effect?
Beach Festival “I Sea PONDY-2022” was recently been inaugurated in?
Which organization co-created the Youth Co:Lab initiative?
Which classical dance was inspired by the Gotipua dance tradition?
Which city is going to be declared as the first solar city in Madhya Pradesh?
Concerning Srinagar's designation as a World Craft City:
1. The designation was given by the World Crafts Council (WCC).
2. It recognizes ...
