respect of money unpaid on their shares; (b) to authorise buy-back of securities under section 68; (c) to issue securities, including debentures, whether
assessment year, any amount of distributed income by the company on buy-back of shares (not being shares listed on a recognised stock exchange) from ... provisions of this sub-section shall not apply to such buy-back of shares (being the shares listed on a recognised stock exchange), in respect
Section 70 in The Companies Act, 2013
70. Prohibition for buy-back in certain circumstances.—
(1) No company shall directly or indirectly purchase ... thereon to any financial institution or banking company: Provided that the buy-back is not prohibited, if the default is remedied and a period
required to follow the procedure prescribed by Section 77A and SEBI(Buy back of Securities) Regulations, 1998. The scheme is also challenged on the ground ... sell their schemes to the company. The company can buy back it equity shares only in accordance with Section 77A of the Companies
Section 77B in The Companies Act, 1956
77B. Prohibition for buy-back in certain circumstances .-
(1) No company shall directly or indirectly purchase
VIII- Share warrants.8
● IX - Buy back arrangements.9
● X - Duty of disclosure.10
● XI - Legality of buy backs.11
● XII - Persons Acting in concert ... invested; (ii) FTIL or its nominees would have a right
to buy back shares from PNB at any time after the expiry of a
period
date i.e. 30.12.2004 giving to the defendant an
option to buy back the suit property on a consideration to be mutually agreed
upon between ... same date
further giving an option to the defendant to buy back the property on a
consideration to be mutually agreed upon between the parties
Amritsar Swadeshi Woolen Mills Pvt. Ltd vs Vinod Krishan Khanna & Ors on 1 April
advised all banks and financial institutions to refrain from entering into buy-back arrangements in Government and other approved securities except under certain conditions ... selling 5 crore units of UTI to the assessee, the buy-back arrangement was in respect of Rs. 1 crore units alone. He has furthermore
30th December 2004 whereby
the Defendant was given option of buying back the suit property on a
consideration to be mutually agreed upon between ... also executed. The MoU gave the Defendant an option of
buying back the suit property on a consideration to be mutually agreed
upon between