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Prohibition of Buy Back best cs books and notes 2018

Prohibition of Buy Back best cs books and notes 2018

Prohibition of Buy Back best cs books and notes 2018
Prohibition of Buy Back best cs books and notes 2018

 

A company shall not directly or indirectly purchase its own shares or other specified securities –

 

  • Through any subsidiary company including its own subsidiary companies or

 

  • Through any investment company or group of investment companies or

 

  • There has been no default in any of the following
  • In repayment of deposit or interest payable thereon,
  • Redemption of debentures, or preference shares or
  • Payment of dividend, if declared, to all shareholders within the stipulated time of 30 days from the date of declaration of dividend.

https://www.csnoteshome.com/product/best-cs-executive-cost-management-accounting-mcq-book-self-study/

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