Urgent plz help

Others 519 views 3 replies

plz help me out on following:

the co can buy back 8000 shares

the shareholding pattern on date is as follows:

A-21000

B-1000

C-3000

D-1000

E-2500

F-2500

G-2500

total- 33500 shares

now we wish to buy back shares of Mr. B(1000) and Mr. F(2500) plz brief me out on how to proceed with the buy back.

 

thanx in anticipation

Replies (3)

Refer to Section 77A(2) of Companies Act... 

did tht bt since it says propotionately..i need sum clarification whether it is possible to buy entire shareholding of particular members

 

  1. Buy back shall not exceed 25% of the paid up capital and free reserves
  2. Buyback shall not exceed 25% of the equity shares in a financial year
  3. Check shares under buyback are fully paid up
  4. D/E ratio to be 2:1 after buyback
  5. Apply above rules.... hence buyback is possible of 3500 shares


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