Accountancy, asked by akshubankar4, 3 months ago

1 marks
The bay back of shares upto 10% of capital can be authorized by

Answers

Answered by chiranjitjana1212

1

Explanation:

Approval for Buy-back: – Approval of Board of Directors: If the Buy-back is up to 10% of the Paid up capital and free reserve. > Filing of letter of offer: Before the buy-back of shares company needs to file letter of offer with Registrar in form SH-8.

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