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Buyback

Is it necessary to provide audited bs for buyback


Praween Agarwal

Praween Agarwal

CA Inter

530

07-Feb-21 19:34

29

Answers (1)

There are 2 aspects to it. Audited financial statements of last 3 years are required to be submitted to registrar. And the audited financial statements based on which buyback calculations are done, should not be older than 6 months old. If older, calculations should be based on unaudited financial statements of not more than 6 months old which have been subject to limited review by auditor.


Sahibdeep Singh

Sahibdeep Singh

Moderator

08-Feb-21 10:48