Income Tax Act, 1961 , with
regard to capital gains on buyback of shares and also taken note of
relevant provisions of the Companies ... deals with buyback of
shares, capital reduction and arrangement & compromise referred to
u/ss.391 to 393 of the Companies Act, 1956 , held that
December 2023 came to be issued by BNL inviting
offers to buyback 30958 equity shares of the company aggregating upto
1.067% of the paid ... exit price. It is
Mr. Seervai's contention that the buyback offer initially was made in
pursuance of the postal ballot notice dated
acquired
ITA No. 967/Del/2023
it's own shares through buyback of shares @ Rs.313.40 per share
against the fair market value ... Assessing Officer ("AO") raised the issue of buyback of
shares and applicability of provisions of section
prove
genuineness of payments of Rs.1,75 ,00,000/- for
buyback of flats which was not claimed as expenditure
during the year but remained ... during which
revenue was booked from sale o f flats purchased under
buyback scheme."
3. In ITA No. 2468/Del/2022 , following grounds have
PFUTP Regulations‟ for short)
and Regulation 19(1)(a) of SEBI (Buyback of Securities)
Regulations, 1998 („Buyback Regulations‟ for short).
2. The brief facts ... India Ltd. (the Company) approved on
December 26, 2013 a proposal to buyback 17,08,95,522
equity shares at a maximum price
Opposite Party No.1 that "Assured 100% Return" buyback Scheme and "Double Your Investment In Just 3 years", the complainant entered ... complainants further submit that they also exercised the option of buyback and foreclosing the loan and to that effect sent an email to the Opposite
Opposite Party No.1 that "Assured 100% Return" buyback Scheme and "Double Your Investment In Just 3 years", the complainant entered ... complainants further submit that they also exercised the option of buyback and foreclosing the loan and to that effect sent an email to the Opposite
Legislative Assembly ("MLA") before the Legislative
Assembly as regards the Buyback Policy introduced by
the TMC and Hon'ble Minister ... assured an
enquiry with the respect of the said Buyback Policy. I
say that in view of the above the Urban Development
Department
Company Secretary during the
Financial Year 2010-11 when a buyback offer worth Rupees 270 crores was made
by the company in violation of regulatory ... that the respondent had ascribed his signatures on the public
announcement for buyback in his capacity as a Company Secretary. The finding
against the respondent
also executed Offer Purchase Agreement that the
Issuer Company/EIPL to buyback the Flats sold to the Issuer Company
at a price ... Minimum Guarantee Price of
Rs.2,500 per square foot and the buyback period coincides with the
-23-
Comp
