A company may purchase its own shares or other specified securities subject to the following condition____________
Companies Act 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).
What percentage of the world's cotton area does India have under cultivation?
Heavy shedding of buds and bolls occurs in cotton due to:
Which cereal crop is most tolerant to saline and alkali soils
Where is the Central Institute for Agriculture Engineering located?
Panchagavya includes:
What is the term used to describe interactions involving plants, microbes, and other microorganisms?
Safflower is which season crop?
What is the seed rate of hybrid cotton with a spacing of 120 × 60 cm?
How much average horsepower (hp) can a person develop for farm activities?
International Food Safety standards are developed by