shares
This query is : Resolved
15 July 2010
hi,
The Shareholders of ABC pvt. ltd. are selling their shares to company at par and company will issue that shares to other persons at premium.
Please guide me the process and if possible please provide me the resolution for purchasing of shares by Company.
Best Regards,
Abhilasha
The Shareholders of ABC pvt. ltd. are selling their shares to company at par and company will issue that shares to other persons at premium.
Please guide me the process and if possible please provide me the resolution for purchasing of shares by Company.
Best Regards,
Abhilasha
15 July 2010
Purchasing of shares by the Company would mean buy-back of shares for which the relevant provisions ofthe ACt are applicable (Sec. 77A)
The buy back cannot be done beyond the limits applicable under that section and as applicable to your company.
Shares bought back are cancelled and cannot be re-sold further.
The buy back cannot be done beyond the limits applicable under that section and as applicable to your company.
Shares bought back are cancelled and cannot be re-sold further.
15 July 2010
Thankyou
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
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
- Taxation in the hands of Landowner under JDA
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
