alleryStart learning →The return of buy-back must be filed within how many days of completion of the buy-back?
A60 days
B30 days
C15 days
D7 days
Answer & Solution
Correct answer: B. 30 days
The company has thirty days from completion to file the return with its compliance certificate.
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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