banner_ad

Buyback of shares

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 April 2010 A Pvt Ltd Company has issued equity shares to two shareholders- A & B, at a premium. Now, it wants to buy-back some shares from A at book value. can it be done and is valid in the eyes of law?
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
26 April 2010 Preferable if done at fair market value than book value though even done at book value is valid.
Profile Image

CS Jithesh (ACS,)

Profile Image

CS Jithesh (ACS,) (Expert)
26 April 2010 According to me it is valid as long as no forceable majurea is there on A to sell the shares back to the company
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 April 2010 What about the Securites Premium Amount received at the Time of original issue of shares. Will they be considered as a part of Capital of the Company.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
26 April 2010 read section 77A for that.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details