alleryStart learning →The power of a company to purchase its own shares is given by Companies Act 2013 section
ASection 68
BSection 66
CSection 52
DSection 62
Answer & Solution
Correct answer: A. Section 68
Section 68 deals with purchase by a company of its own securities, with Rule 17 giving the procedure.
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Under Section 68, specified securities includeAfter a buy-back, a remaining investor's proportionate ownershipThe details of the transfer to capital redemption reserve are to be disclosed in the40,000 shares of face value Rs 5 are bought back at Rs 9. Equity share capital is debited Which can absorb the premium paid on a buy-back?Shares that a company has bought back areWithin six months after a buy-back, a company may still make aThe register of bought back shares is kept at the company's