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Doesn't it beat one of the main advantages of buy back, ie, boosting per share value?
Answers (12)
Priyanka R
Which free reserves can be used to buy back?
A Company can purchase its own shares and other specified securities out of â?? - its free reserve; or - the securities premium account; or - the proceeds of the issue of any shares or other specified securities. However, Buy-back of any kind of shares or other specified securities cannot be made out of the proceeds of the earlier issue of same kind of shares or same kind of other specified securities.
Priyanka R
Capital redemption reserve???
Once read sec 69 of companies act to get clarity regarding CRR
Priyanka R
Which free reserves can be used to buy back?
A Company can purchase its own shares and other specified securities out of: - its free reserve; or - the securities premium account; or - the proceeds of the issue of any shares or other specified securities.