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Buy Back (Unlisted Company)Under Section 68,69 & 70 of Companies Act, 2013

Terms and Conditions

  1. Authorized by AOA
  2. Buy Back should not exceed 25% of the aggregate of (PUS + FR) in a F.Y
  3. Debt Equity Ratio shall not be exceed more than 2:1 after buy back
  4. Share should be fully paid up
  5. Buy Back shall be completed within period of one Year from the Date of Passing BR/SR
  6. 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 id-cssanoj.icsi@gmail.com)

Categories: Company Law
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