Question

Buy back of equity shares in any financial year shall not excees 25% of its

Answer 1

Answer:

The buy-back should be less than 25% of the total paid-up capital and free reserves of the company, and the buy-back of equity shares in any financial year should not exceed 25% of its total paid-up equity capital in that financial year; ... But, there cannot be more than one such buy-back in a period of 365 days.

Explanation:

Follow me