Anny Jain (ACS) (103 Points)
05 December 2011A private Limited Company wants to buy back its shares. It has 4 NRI holding 4.90% of shares. Can the Company buy back from these NRIs? Is there any specific rule or law applicable in such a case? Will there be same procedure as applicable to normal buy back?
valji
(Accounts manager-MBA)
(2150 Points)
Replied 05 December 2011
YES SHARE CAN BE BUY BACK
FOLLOW RBI GUIDELINES FOR THE SAME
Anny Jain
(ACS)
(103 Points)
Replied 05 December 2011
CAclubindia
