Archive | Buy Back of Shares

Buy-Back of Shares: 4 Modes | India | Accounting

In this article we will discuss about the four important modes of buy-back of shares. 1. From the existing security holders on a proportionate basis through the tender offer; or 2. From the open market through: (i) Book-building process, (ii) Stock exchange; 3. From odd lots, that is to say, where the lot of securities of a public company whose [...]

By |2017-02-06T20:59:00+00:00February 6, 2017|Buy Back of Shares|Comments Off on Buy-Back of Shares: 4 Modes | India | Accounting

Provisions for Prohibition of Buy-Back of Shares | India | Accounting

In this article we will discuss about the provisions for prohibition of buy-back of shares. According to Section 77B of the Companies Act, no company shall, directly or indirectly, purchase its own shares or other specified securities: (а) Through any subsidiary company including its own subsidiary companies; or (b) Through any investment company or group of investment companies; or (c) [...]

By |2017-02-06T20:59:00+00:00February 6, 2017|Buy Back of Shares|Comments Off on Provisions for Prohibition of Buy-Back of Shares | India | Accounting

Important Conditions for Buy-Back of Shares | India | Accounting

The conditions precedent to buy-back, as laid down in Section 77A (2) of the Companies Act are:- (a) The company's article should authorise the buy-back. In case the articles are silent on this point, the same has to be amended to include a provision to that effect; (b) No company shall purchase its own shares or other specified securities unless [...]

By |2017-02-06T20:59:00+00:00February 6, 2017|Buy Back of Shares|Comments Off on Important Conditions for Buy-Back of Shares | India | Accounting
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