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Buy back of shares

Sneha Harlalka (Company secretary) (62 Points)

10 October 2020  

Can A Private Limited Company buy back its shares if there in a negative balance in Reserve & Surplus A/C?

 1 Replies

ayusmita (Tax consultant) (5810 Points)
Replied 10 October 2020

Yes it can
but it will effect your company cash holdings along with the fixed assets that relate with it
in other words it shrink the equity of the shareholders in the liability side

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