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 ... distributed income.
Explanation.—For the purposes of this section,—
(i) "buy-back" means purchase by a company of its
own shares in accordance
case
these contracts have been regarded as ready-forward
transactions or buy-back transactions. The parties are
agreed, and it is on this basis that ... that the ready-forward
transaction (or as sometimes described as a buy-back
transaction) had four ingredients; (i) there must be a
present sale
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
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
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
concession agreement. A draft preliminary project report
and a proposal to buy back the existing toll rights was also
enclosed. This communication refers ... sponsoring authority. The proposal was
granted final approval, subject to buy back of tolling rights being
included in the pre-construction costs
Section 2(22)(e) of the Act if
the consideration for buy back of shares was
in excess of the fair market value ... correct in holding that the
difference, if any, between the buy-back price
and the fair market value of the shares
would be deemed
been given by the assessee as to how the above
buy back price was fixed by the assessee when the so called
"Dream ... claimed by assessee. What was the
justification for the assessee to buy back the shares of nearly
defunct and own subsidiary company at a value
Respondent, the Appellant inter alia undertook and assured that they
would buy back the Respondent's shareholding in a company called
MCX Stock Exchange ... passed a Resolution dated 12th
August, 2010 declining to honour any buy back or other similar
arrangements.
12. The stand taken in this letter
