Question
A company may purchase its own shares or other specified
securities subject to the following condition____________Solution
Companies Act 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; (2) No company shall purchase its own shares or other specified securities under sub-section (1), unless— (a) the buy-back is authorised by its articles; (b) a special resolution has been passed at a general meeting of the company authorising the buy-back; (4) Every buy-back shall be completed within a period of one year from the date of passing of the special resolution, or as the case may be, the resolution passed by the Board under clause (b) of sub-section (2).
Choose the correct statement.
Types of vegetable gardening followed on the Dal Lake of the Kashmir Valley is
The cultivation of flowers and ornamental plants for commercial and aesthetic purposes is known as:
In jute growing areas the usual alternate crop is .......................?
The Hrp genes in plant pathogens were discovered by:
pF value at FC is ______
An organization which is related to export and post harvest management, development of Fishes and aquaculture products in India is ____
Who introduced the Nilokheri Project, and what was its primary aim?
Which gas is released in the conversion of Pyruvic acid to acetaldehyde?
What is the goal of the “Attracting and Retaining Youth in Agriculture (ARYA)” scheme?