Dear Members
In terms of Rule 17(1)(n) of Companies (Share Capital & Debenture) Rules, 2014 where audited accounts are more than 6 months old from date of offer document, the buy back of shares shall be with reference to unaudited accounts subjected to limited review.
For a private ltd. company, does the unaudited accounts subjected to limited review (as at 30/09/26) for buy back in november/december 26 contain tax provision; depreciation; and other usual annual adjustments done typically at the year end.
and does the balance sheet and PL account for / as at six months ended 30/09/26 contain corresponding six months' figures for/as at 30/09/25 or audited figures for year ended 31/03/26.
Please advise.
Regards
CA Dipjyoti Majumdar
CAclubindia
