Answer the followings with reasons, with reference to SEBI Buyback Regulations, whether these buy-back are as per the provisions of the regulations? The Company Secretary of the company advised not to allow buy-back of s
CS Executive · Securities Laws and Capital Markets · PYQS · December 2021
Answer the followings with reasons, with reference to SEBI Buyback Regulations, whether these buy-back are as per the provisions of the regulations? The Company Secretary of the company advised not to allow buy-back of shares unless the consequent reduction of share capital is affected.
Answer & Explanation:
As per the conditions and requirements for buyback of shares provided under the SEBI Buyback Regulations, a company shall not allow buyback of its shares unless the consequent reduction of its share capital is affected. Therefore, this statement is as per the provisions of the SEBI Buyback Regulations.
Topics: Buy-back of Securities
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