Buy back


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2013 Can a Unlisted Co. Buy Back its Prefrence Shares

09 April 2013 Hi

Section 77A of the Companies Act, 1956 empowers a company to purchase its own shares or other specified securities in certain cases. It has overriding effects on all other provisions contained in the Act. Now a company may purchase its own shares or other specified securities (hereafter referred to as "buy-back") in the manner provided in sections 77A, 77AA and 77B. Specified securities may include, preference shares, employees' stock option or other securities as may be notified by the Central Government.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2013 Sir can you tell me where the meaning of Specified securities is given apart from sec 77A coz specified securities does not include prefrence shares as per sec 77A as far as im concerned

May be im wrong, but please clarify

or if there is any notification regarding the same then please specify

09 April 2013 Please Read "Return of Buy Back of Securities" pursuant to section 77A(10) of the Companies Act, 1956 read with Rule 9 of Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Rules, 1999.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 08 August 2026
Article Assistant

Sanath Sheshagiri & Co.

Bengaluru

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details