A limited company decides to buy-back 50,000 equity shares of ₹ 20 each at a premium of 15%. Earlier if the company offered one buy-back scheme from 1 st April 2023 to its equity shareholders and closed it on 30 th April
CS Executive · Corporate and Management Accounting · PYQS · December 2023
A limited company decides to buy-back 50,000 equity shares of ₹ 20 each at a premium of 15%. Earlier if the company offered one buy-back scheme from 1 st April 2023 to its equity shareholders and closed it on 30 th April, 2023. From which date the second offer of buy-back shall be made available?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Corporate Accounting
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