Date of completion of buy back

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MANJU (Querist)
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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)
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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)
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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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