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Companies act 2013

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CPT clear
284 Points Posted on 20 October 2015
what is the difference between Purchase by a company its own shares and buy back of securities??
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On 20 October 2015 at 08:18 Report
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a
24 Points Posted on 20 October 2015

Both are the same.

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On 20 October 2015 at 12:53
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CPT clear
284 Points Posted on 20 October 2015
No both are not same;First one is not allowed to co. while second in allowed
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On 20 October 2015 at 13:02
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Paralegal
305 Points Posted on 20 October 2015

When Company Purchases it own shares, this is called "Buy-Back" of shares and governed by Section 67 of the Companies Act, 2013.

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On 20 October 2015 at 13:02
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Student
34 Points Posted on 20 October 2015
There is different between purchase of own share and buy back of share. Both are same.
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On 20 October 2015 at 14:17
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Partner V Mittal & Co
252 Points Posted on 20 October 2015
Purchase of own share if meant for investement like from open market is prohibited. Listed companies are not allowed to buy its own share. Buy back of share is done to reduce share capital from the market. You can show these shares as investment, these shares shouls be reduced from share capital.
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On 20 October 2015 at 15:13


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