Buyback of Shares with Practical Approach

• May 23, 2020
• CA Chandan Agarwal's Office

Buyback of Securities of Unlisted Company includes the Provision of Chapter IV-Share Capital and Debentures and The Companies (Share Capital and Debentures) Rules, 2014 under the Companies Act, 2013.

• PROVISIONS UNDER THE COMPANIES ACT, 2013 (‘THE ACT’) FOR BUY-BACK OF SHARES:

Under Section 68, 69 and 70 of the Companies Act, 2013 a company may Buy-back its own securities and Rule 17 of Companies (Share Capital & Debenture) Rules, 2014 contains the regulations regarding buy-back of securities for unlisted companies.

• IMPORTANT NOTE RELATED TO MAXIMUM AMOUNT AND SHARES FOR BUYBACK:

Read on me: https://taxguru.in/company-law/buyback-shares-practical-approach.html