According to Section 68(1) of the Companies Act, 2013, a company whether public or private, may purchase its own shares or other specified securities. Explain the following under the provisions of Rule 17 of the Companie
CS Professional · Corporate Restructuring, Insolvency, Liquidation & Winding-up · PYQS · June 2025
According to Section 68(1) of the Companies Act, 2013, a company whether public or private, may purchase its own shares or other specified securities. Explain the following under the provisions of Rule 17 of the Companies (Share Capital and Debentures) Rules, 2014: (ii) Dispatch of letter of Offer.
Answer & Explanation:
(ii) Dispatch of letter of Offer (Rule 17(4) of the Companies (Share Capital and Debentures) Rules, 2014) The letter of offer shall be dispatched to the shareholders or security holders immediately after filing the same with the Registrar of Companies but not later than 21 days from its filing with the Registrar of Companies.
Topics: Corporate Restructuring
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