- TG Team
- | Company Law - Articles |
- 08 Oct 2015
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Terms and Conditions
- Authorized by AOA
- Buy Back should not exceed 25% of the aggregate of (PUS + FR) in a F.Y
- Debt Equity Ratio shall not be exceed more than 2:1 after buy back
- Share should be fully paid up
- Buy Back shall be completed within period of one Year from the Date of Passing BR/SR
- Company opts Buy Back out of FR or SPA a sum equal to nominal value of shares so purchased shall be transferred to the CRR.
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(Prepared by Sanoj Kumar (CS Trainee)- E-maid [email protected])
Tags: Companies Act, Companies Act 2013
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