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Retiring director/share holder

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2015 We have a closely held private Ltd. Company. One of the directors/Share holder wants to retire because of age and wants his share to be paid to him. Can the company reduce the paid-up capital and pay the proportional value in cash from reserves and the share capital etc.
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Nayak

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Nayak (Expert)
27 February 2015 follow Buy Back procedure
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 February 2015 Thanks. I would like to know, if there is any limit on buy back. The company wants to buy back 60% of its shares.
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Nayak

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Nayak (Expert)
27 February 2015 Upto 25 % company can buy back share it's share
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