Section 68.Power of company to purchase its own securities- (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2), a company may purchase its own shares or other specified securities (hereinafter referred to as buy-back) out of— (a) its free reserves; (b) the securities premium account; or (c) the proceeds of the issue of any shares or other specified securities: Provided that no buy-back of any kind of shares or other specified securities shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities.
RBI announced the list of Domestic-Systemically important Banks (D-SIBs) based on 2021 data. The banks that have been identified as D-SIBs are ____
Which category do Bad debt fall under?
A government treasury department is responsible for managing the government's short-term borrowing needs. They are considering issuing a money market in...
A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
Stand Up India Scheme was launched in 2016 for facilitating credit to SC/ST and Women entrepreneurs. The loans availed through the Scheme are repayable...
What is the wrong statement about NBFCs?
Which of the below statement is not true:
The RBI’s guidelines on the formation of new districts in Madhya Pradesh, issued in January 2024, designated which bank as the Lead Bank for the newl...
Which of the following statement is not true:
The bonds prices _____ with increase in interest rates.
