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
concerned appellant i.e.
withholding of the selling of trade once buy back
talk started within the company and again selling
spree the shares ... them once the buy back offer
was made public till the rejection of the proposal by
the State Bank of India was made known
Target Company. Clause 24 of the Agreement provided for
buy-back of the shares of HSIDC. The said clause is reproduced for facility
of reference ... BUY BACK ARRANGEMENT:-
24 (a) At any time after the Company goes in for commercial production, the
Corporation may with the consent of the Collaborator
entered into a Memorandum of Understanding (MoU) dated
06.04.2016 which a buy back agreement for four flats in Gayatri Life at Plot No.
1F, Sector ... cheque towards part consideration, and the MoU included a
7
buy-back clause exercisable solely at the discretion of the Corporate Debtor. If
the buy
petitioner) and C.M.M.Ltd.
-for
the subscription and assured buy back, especially
regarding the assured return and the confirmed
buy-back
- would ... with by both the parties. The
said
company further undertook to buy-back the 85,000 NRI
shares
consider the
offer, to the Management to buy or to the Company to buy back
5
under Section 77A of the Companies Act. No other ... management of
the said Company to buy or to the Company to buy-
back as per provisions of the Companies Act, 1956 ,
the said
Court
that the share capital had been reduced by way of ‘buy-back’ of
shares on 1.03.2007, and hence the paid-up share capital ... evidence of their witnesses, which made their case regarding
‘buy-back’ of shares improbable. That there was no record of the
5
letters dated
Deputy Commnr. Of
Income Tax Large Tax Payer Unit 1.
2
buy-back its shares. The High Court sanctioned the Scheme on 18.04.2016
in Company ... According to the appellant, this buy-back of shares was effected in
May 2016.
4. Thereafter, the appellant made statutory filing under Form
equated with the fair market value. The several offers
made for buy-back and purchase at a higher value and the value
at which SingTel ... that BTL having been delisted from
all stock exchanges made a buy-back offer of Rs.96/- per share in
the year 2001, which
