Buy Back under Section 77A

Can some one please clarify the following:

 

Whether an unlisted public company can buy back its Fully Convertible Debentures????

Also please refer the relevant provision / act / section.

Thanks and regards

 

Deepak Maharishi

Replies (1)

No It cannot buy back the debentures, Because Currently Its in the Debenture form, After Conversion, It can buy back..

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