Buy back
Querist : Anonymous
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.
Querist : Anonymous
May be im wrong, but please clarify
or if there is any notification regarding the same then please specify
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