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????????
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 :
1 times
10 June 2011
agreed with expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
