Companies Act, 1956
This query is : Resolved
09 June 2011
Hey... Can any one tell me whether subsidiary company can buy back its own shares????????
CA Suresh Jain
(Expert)
10 June 2011
The buy back of shares is governed by Ss. 77A, 77AA and 77B of the Companies Act, 1956.
Which does not ban buy back of shares issued by a company which is a subsidiary Company. It prohibits the buy back of share by a Company through its subsidiary Company or an investment company
CA Suresh Jain
sureshjain.nj@gmail.com
Bangalore
09449630000
Which does not ban buy back of shares issued by a company which is a subsidiary Company. It prohibits the buy back of share by a Company through its subsidiary Company or an investment company
CA Suresh Jain
sureshjain.nj@gmail.com
Bangalore
09449630000
Message likes :
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CA. Krishna K Neeraj
(Expert)
10 June 2011
agreed with expert
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