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 of Directors.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
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 of Directors.
(A) Three months
(B) Six months
(C) One year
(D) Two years

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

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