banner_ad

Buyback of shares (shares not listed on any stock exch.)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 April 2019 Hi,

When is the buy back of shares considered as completed/ concluded?
To be more specific, what step, when performed, concludes the buyback of shares?
Eg: is it when the consideration is received, is it when the share certificates are destroyed, is it when the share certificates are received back by the company from the shareholder or any other scenario which can conclusively state that buyback is completed.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
19 April 2019 After satisfying the conditions set out in section 68 of the Companies Act 2013, the company may proceed on the buy back its own shares.
The buy back is said to be completed when the shares are received by the company + full value of consideration is paid by the company to the respective share holders.
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 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details