Get Started with ixamBee
Start learning 50% faster. Sign in now
Section 70.Prohibition for buy-back in certain circumstances- (1) No company shall directly or indirectly purchase its own shares or other specified securities— (a) through any subsidiary company including its own subsidiary companies; (b) through any investment company or group of investment companies; or (c) if a default, is made by the company, in the repayment of deposit accepted either before or after the commencement of this Act, interest payment thereon, redemption of debenture or preference shares or payment of dividend to any shareholder, or repayment of any term loan or interest payable thereon to any financial institution , or banking company: Provided that the buy-back is not prohibited, if the default is remedied and a period of three years has lapsed after such default ceased to subsist.
A and B started a business by investing sum in the ratio 3:4 respectively for 8 and 10 months respectively. If annual profit earned by B is Rs.1200, the...
Amit and Bittu entered into a business with initial investment of Rs 420 and Rs 360 individually. After 5 months, Amit add on 180 more while Bittu withd...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:3:9, respectively. At end of the year, if the difference be...
M and N started a business by investing Rs.4500 and Rs.5600 respectively. After 5 months, M and N increased their investments by 40% and Rs.1500 respect...
Amit and Ben started a partnership by investing Rs.3600 and Rs.4500, respectively. Amit's investment period is 'x' months, while Ben's investment period...
A started a business with an investment of Rs.1000. After some months, B joins the business with an investment of Rs.2000 and after three more months C ...
'A' and 'C' started a business by investing Rs. 11,000 and Rs. 13,000, respectively. Seven months later, they invited 'B' to join the business who inves...
A and B enter into a partnership with their initial sum of Rs.35000 and Rs.45000 respectively. After 6 months, a third person C also joins them with his...
A invested Rs. 2X in a business. After four months B Joined him with Rs. 3X and A tripled his investment. If at the end of the years total profit...
Three partners, A, B, and C, invest Rs 12,000, Rs 15,000, and Rs 18,000 respectively in a business. After one year, the total profit generated is Rs 22,...
