Every buy-back shall be completed within a period of ......... from the date of the resolution or special resolution, as the case may be, passed by the Board. [Section 68(4)]

CS Executive · Corporate and Management Accounting · PYQS · June 2023
Every buy-back shall be completed within a period of ......... from the date of the resolution or special resolution, as the case may be, passed by the Board. [Section 68(4)]
(A) Six months
(B) One year
(C) Eighteen months
(D) Two years

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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