Question
Which among the following option is a correct
consideration for Buy Back of shares?Solution
All shares for buy back should be fully paid up 路聽聽聽聽聽聽聽聽 The buy-back of the shares or other specified securities listed on any recognized stock exchange must be in accordance with the regulations made by SEBI 路聽聽聽聽聽聽聽聽 Every buy back must be completed within a period of 12 months (1 year) from the date of passing of special resolution or the Board of Directors resolution, as the case may be 路聽聽聽聽聽聽聽聽 No new buy back can be made within one year of closing of previous buy-back offer. 路聽聽聽聽聽聽聽聽 A company shall extinguish and physically destroy the securities so bought back within 7 days of completion of buy back. 路聽聽聽聽聽聽聽聽 Buy Back offer shall remain open for not less than 15 days and not more than 30 days
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