According to sectiom 68 , company do not require sepcial resolution to the buy-back is, ten per cent. or less of the total paid-up equity capital and free reserves of the company; and (ii) such buy-back has been authorised by the Board by means of a resolution passed at its meeting.After 2 years from previous buy back company want to again buyback its shares of 10 percent of it paid up and free reserve do it require special resolution for it???the previous buyback was also for 10 percent??do we have to consider previous buyback in calculating 10 percent?
Menu
Buy back of 10 percent
Replies (2)
No
Board resolution would be suffice. and you dont need to consider previous buy back which was done 2 years before.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
