Date of completion of buy back

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MANJU (Querist)

26 October 2009 Hi,

Form 4C needs to be filed with ROC within 30days of completion of buy back.

Which date to be considered as date of completion of buy back:
1.Date of Board meeting accepting shares for buyback or
2.Date of payment for buy back of shares.

CA.Manju

Manish Soni

Manish Soni (Expert)

26 October 2009 As per sec. 77A(4) Every buy-back shall be completed within twelve months from the date of passing the special resolution [or a resolution passed by the Board] under clause (b) of sub-section (2)....
it means that when you have complied with all provisions of section 77A then within 30 days from the date of completion of of last step,you shall file a return of Buy Back in e-form 4C...

CS Vandana Kacholia

CS Vandana Kacholia (Expert)

27 October 2009 Agree , within 30 days from the date of completion of buy back proceeding which is supposed to be completed within 12 month from the date of resolution.

Regards

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