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Buy back of equity share

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(Querist)
22 June 2007 To,
A non listed profitable public limited co. having non comulative pref. sh. proposed to buy back sh.
Can it buy back sh. without declaring dividend to non cumulative sh. holders.
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CA Mani

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CA Mani (Expert)
08 August 2007 As it's non - cumulative, It can buy back Pref. Shares without declaring dividend.

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