Question

According to the provisions of the Companies Act, can a company buy back shares or specified securities from the proceeds of an earlier issue of the same kind?

A Yes, a company can buy back shares from the proceeds of an earlier issue of the same kind
B No, a company cannot buy back shares or specified securities from the proceeds of an earlier issue of the same kind
C A company can only buy back shares from the proceeds of debentures issued earlier
D A company can buy back shares from the proceeds of the same kind of shares with shareholder approval
E A company can buy back shares without restrictions on the source of funds.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)