Value of Buy back of share issued at premium by a pvt co?
Querist : Anonymous
In six months time it wants to buy back its share. at what price it should be bought back i.e. at premium or face value or it could be done at a lower or higher rate?
Views of other experts also solicited.
The Explanatory Statement set out alongwith the Special Resolution has to provide for the basis of arriving at the buy back price.
Hence, it is very clear that whatever the price the company decides has to be justifiable.
Querist : Anonymous
https://mca.gov.in/Ministry/actsbills/rules/PLCaUPLCBBoSR1999.pdf
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