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Companies Act, 1956

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(Querist)
09 June 2011 Hey... Can any one tell me whether subsidiary company can buy back its own shares????????
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CA Suresh Jain

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CA Suresh Jain (Expert)
10 June 2011 The buy back of shares is governed by Ss. 77A, 77AA and 77B of the Companies Act, 1956.
Which does not ban buy back of shares issued by a company which is a subsidiary Company. It prohibits the buy back of share by a Company through its subsidiary Company or an investment company

CA Suresh Jain
sureshjain.nj@gmail.com
Bangalore
09449630000
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Riddhi

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Riddhi (Querist)
10 June 2011 Thank you so much for your speedy reply sir..
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
10 June 2011 agreed with expert
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Riddhi

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Riddhi (Querist)
10 June 2011 Thank you so much for your views....
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