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Start learning 50% faster. Sign in nowSection 70.Prohibition for buy-back in certain circumstances- (1) No company shall directly or indirectly purchase its own shares or other specified securities— (a) through any subsidiary company including its own subsidiary companies; (b) through any investment company or group of investment companies; or (c) if a default, is made by the company, in the repayment of deposit accepted either before or after the commencement of this Act, interest payment thereon, redemption of debenture or preference shares or payment of dividend to any shareholder, or repayment of any term loan or interest payable thereon to any financial institution , or banking company: Provided that the buy-back is not prohibited, if the default is remedied and a period of three years has lapsed after such default ceased to subsist.
Which article in the Indian Constitution provides for a State emergency, also known as President's Rule?
Who appoints the Comptroller and Auditor General of India?
In which year was the Payment of Gratuity Act enacted?
The "Right to Education" for children aged 6 to 14 years became a fundamental right under which Constitutional Amendment in India?
What is the significance of decentralized planning in Panchayat Raj institutions?
Which Article of the Indian Constitution deals with the amendment process?
In which year was the Indian Penal Code (IPC), which defines the substantive part of criminal law in India, enacted?
The concept of 'Judicial Review' in the Indian Constitution is borrowed from which country?
Under Article 233 of the Constitution, the appointment and promotion of district judges in a state are conducted by whom?
Who is the constitutional head of the Government of India?
