Buyback of shares as per companies act 2016

Buyback of shares as per companies act 2016

Posted: Mesejuite On: 31.05.2017

Provided that no buy-back of any kind of shares or other specified securities shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities. Provided that in respect of the buy-back of equity shares in any financial year, the reference to twenty-five per cent.

Provided that the Central Government may, by order, notify a higher ratio of the debt to capital and free reserves for a class or classes of companies;. Provided that no offer of buy-back under this sub-section shall be made within a period of one year reckoned from the date of the closure of the preceding offer of buy-back, if any.

buyback of shares as per companies act 2016

Provided that no declaration of solvency shall be filed with the Securities and Exchange Board by a company whose shares are not listed on any recognised stock exchange. Provided that no return shall be filed with the Securities and Exchange Board by a company whose shares are not listed on any recognised stock exchange.

Companies Share Capital and Debentures Rules, Buy-back of shares or other securities.

buyback of shares as per companies act 2016

Provided that such letter of offer shall be dated and signed on behalf of the Board of directors of the company by not less than two directors of the company, one of whom shall be the managing director, where there is one. Debt to Capital and Free reserves ratio for Government Companies which carry Non- Banking Finance Institution activities and Housing Finance Activities.

Corporate Blog: Buy Back of Shares

In exercise of the powers conferred under the proviso to clause d of sub-section 2 of section 68 of the Companies Act, 18 of Act , the Central Government hereby notifies that the debt to capital and free reserves ratio shall be 6: Corporate Law Reporter is the fastest Indian Law Journal delivered everyday - Free: Registration takes 30 seconds and entitles you to receive Daily Legal Updates on Corporate Laws in your inbox.

Provided that nothing contained in this clause shall apply to a case where— i the buy-back is, ten per cent.

The Legal > Singapore > Legal developments > Stamford Law Corporation > Share Buybacks under the Companies Act

Provided that the Central Government may, by order, notify a higher ratio of the debt to capital and free reserves for a class or classes of companies; e all the shares or other specified securities for buy-back are fully paid-up; f the buy-back of the shares or other specified securities listed on any recognised stock exchange is in accordance with the regulations made by the Securities and Exchange Board in this behalf; and g the buy-back in respect of shares or other specified securities other than those specified in clause f is in accordance with such rules as may be prescribed: Applicable Orders Debt to Capital and Free reserves ratio for Government Companies which carry Non- Banking Finance Institution activities and Housing Finance Activities [File No.

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buyback of shares as per companies act 2016

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