purchase of shares
This query is : Resolved
aditi daga
(Querist)
31 December 2009
Can a limited company purchase its own shares? Kindly provide reference of section Nos.
CS Vandana Kacholia
(Expert)
31 December 2009
The provisions regulating buy back of shares are contained in Section 77A, 77AA and 77B of the Companies Act,1956. These were inserted by the Companies (Amendment) Act,1999. The Securities and Exchange Board of India (SEBI) framed the SEBI(Buy Back of Securities) Regulations,1999 and the Department of Company Affairs framed the Private Limited Company and Unlisted Public company (Buy Back of Securities) rules,1999 pursuant to Section 77A(2)(f) and (g) respectively.
Regards
Regards
aditi daga
(Querist)
05 January 2010
Is buy back and purchase of shares one and the same thing?
Dhirajlal Rambhia
(Expert)
02 July 2023
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