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?Solution
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.
The Upper limit of available water is ______
Which insect pest exhibits a behavior of moving in an army, destroying fields, and feeding voraciously on all types of vegetation?
Ergot is an important disease of:
Which pH level in lakes and rivers is likely to negatively impact the reproduction of most fish species?
Which of the following statements is/are true about the basicity and alkalinity of nutrients in soil?
Statement A: Basic nutrients refer to eleme...
Which among the following crops can be considered as is a C4 plant?
Lysine is a limiting amino acid in:
Following are the statements about common feature of drought avoidance in plantsÂ
A. Early stomata closure
B. Efficient root system
<...In 2005, which pathological scientist received the Borlaug Award?
The term oligopoly means:Â
