buyback vs sec 66 in reduction of share capital through excess amount return to shareholder
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Diffrence between sec 66 vs buyback
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Section 66 is about Reduction of capital. whereas buy back is Stock buybacks refer to the repurchasing of shares of stock by the company that issued them. A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors.
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