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Why buyback 20?

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delhi
720 Points Posted on 18 July 2021
although act allowed upto 25% of buyback of shares than why most of the companies buyback their shares upto 20%. Is there any catch?
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On 18 July 2021 at 01:49 Report
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Chartered Accountant
24588 Points Posted on 18 July 2021
But 10% maximum is allowed
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On 18 July 2021 at 05:49
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delhi
720 Points Posted on 18 July 2021
Sourav go through the provisions please.
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On 18 July 2021 at 13:36
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Practicing Compnay Secretary
53760 Points Posted on 21 July 2021

Its nothing like maximum companies do 20%. WE have seen many companies doing 10% and 25% also.

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On 21 July 2021 at 11:26
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Chartered Accountant
24588 Points Posted on 22 July 2021
Yes 10% is also mentioned in provisions
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On 22 July 2021 at 09:28
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Practicing Compnay Secretary
53760 Points Posted on 22 July 2021

Exactly, 1-25% any percent can be buy back as per choice of company.

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On 22 July 2021 at 09:38
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Chartered Accountant
24588 Points Posted on 23 July 2021
Yes ...
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On 23 July 2021 at 11:43


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