A company may purchase its own shares or other specified securities subject to the following condition____________
Explanation: Section 68 Power of company to purchase its own securities- (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2), a company may purchase its own shares or other specified securities (hereinafter referred to as buy-back) out of— a) its free reserves ; (b) the securities premium account; or (c) the proceeds of the issue of any shares or other specified securities: Provided that no buy-back of any kind of shares or other specified securities shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities; (2) No company shall purchase its own shares or other specified securities under sub-section (1), unless— (a) the buy-back is authorised by its articles; (b) a special resolution has been passed at a general meeting of the company authorising the buy-back; (4) Every buy-back shall be completed within a period of one year from the date of passing of the special resolution, or as the case may be, the resolution passed by the Board under clause (b) of sub-section (2).
Select the correct option that indicates the arrangement of the following words in a logical and meaningful order.
1. Pentagon
2. Decagon<...
1. OARIEST
2. OBELISE
3. OAFISHLY
4. OBIAS
5. OBEYER
In a class of 58 students, all the students are sitting in a row facing north, Reyansh is sitting 28th from the right end of the row. Only 17 students a...
Statements: All shoes are leather. Some leather are belts. Some belts are gold.
Conclusion I: Some shoes are belts.
Conclusion II: All belts are gold.
Seven boys J, K, L, M, N, P and Q are sitting around a circular table facing towards the centre (not necessarily in the same order). P is second to ...
Three different positions of the same dice are shown. Find the number on the face opposite the face showing '1'.
In a code language, 'FIG' is coded as 9, and 'PLUM' is coded as 16. How will 'GUAVA' be coded in the same language?
Select the option in which the given figure is embedded (rotation is not allowed).
428 is related to 317 following a certain logic. Following the same logic, 285 is related to 174. To which of the following is 597 related to, following...
