Issue of further shares after Buy back best cs books notes
Every buy-back shall be completed within twelve months from the date of passing the special resolution or Board resolution as the case may be.
A company which has bought back any security cannot make any issue of the same kind of securities.
in any manner whether by way of public issue, rights issue up to six months from the date of completion of buy back.
Except issue of shares by way of Bonus or in the discharging of Obligation such as stock option scheme,
sweat equity or conversion of preference shares or debentures into equity shares.
Or company can make issue of same class of shares of Buy Backed Shares after a period of 24 Months.