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
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