hi all
while proceeding with buy back of shares in a closely held co. can v buy back all shares of a few members only instead of doing tht proportionately??
Menu
Buy back in closely held co
Replies (2)
No. this cannot be done unless its is done proportionately.
Dear Iti
A company may buy-back its shares by either of the following methods :-
(a) From the existing shareholders on a proportionate basis through private offers;
(b) By purchasing the securities issued to employees of the company pursuant to a scheme of stock option or sweat equity.
Therefore you can't buy back shares on selective basis
Company (Buy-Back of Securities) Rules, 1999 are attached herewith for your kind perusal.
Recent Topic
- CPA for US tax
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
- Challan status in Payment Failed but amount deduct
Related Topics
CAclubindia
