If a company is required to Buy-back its shares, indicate the sources for getting such shares, as per the SEBI (Buy-back of Securities) Regulations, 2018.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2023
If a company is required to Buy-back its shares, indicate the sources for getting such shares, as per the SEBI (Buy-back of Securities) Regulations, 2018.
Answer & Explanation:
As per regulation 4(ix) of the SEBI (Buy-back of Securities) Regulations, 2018-A company may undertake a buy-back of its own shares or other specified securities out of- (a) its free reserves; (b) the securities premium account; or (c) the proceeds of the issue of any shares or other specified securities: Provided that no such buy-back shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities
Topics: SEBI Regulations
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