WebThe Companies Act, 2013 under Section 68 (1) permits companies to buy back their own shares and other specified securities out of: (i) its free reserves; or (ii) the securities … Web31 Oct 2024 · As per Section 68 of the Companies Act, 2013 the conditions for Buy-back of shares are: Authorization for Buy-Back: Articles of Association(AOA) of the company …
Buy-Back Of Shares Under Companies Act 2013 - Legal Window
Web19 Nov 2024 · Condition of Buy-back: According to the Section 68 of the Companies Act, 2013 the conditions for Buy-back of shares are: Authorization for Buy-Back: AOA of the company should authorize Buy-Back, if no provision in AOA then first alter the AOA. Approval: Approval of BoD- up to10% of the total paid-up equity capital and company’s … Web9 Mar 2024 · Section 68 of the Companies Act, 2013 gives power to company to purchase its own shares and other specified securities. 2. Meaning of Buyback of Shares. Buy back of shares means purchase of its own shares by a company: When shares are bought back by a company, they have to be cancelled by the company. Thus, share buy back results in … flowers that look like balls
India Code: Section Details
Web22 Oct 2024 · Section 115QA of the ITA introduced w.e.f. June 1, 2013 contains provisions for taxation of a domestic company in respect of buy-back of shares (within the meaning of Sec. 68 of the Companies Act). In effect, the incidence of tax stands shifted completely to the Company and not the recipient of the buyback proceeds. Web24 Feb 2024 · Provisions of Section 68 relating to buy-back of shares are applicable to – (A) Private companies (B) Public companies (C) Listed companies (D) All of the above Answer: (D) All of the above. Question 5. No company shall purchase its own shares or other specified securities unless buy-back is authorized by its – (A) Memorandum of Association WebIndia Code: Section Details. Section 68. Power of company to purchase its own securities. Previous Next. Show Related Subordinates. (1) Notwithstanding anything contained in this … flowers that look like blackberries