alleryStart learning →The notice of the general meeting to pass a buy-back special resolution must be sent at least
A7 days earlier
B21 days earlier
C30 days earlier
D14 days earlier
Answer & Solution
Correct answer: B. 21 days earlier
Twenty-one days notice, with an explanatory statement, must precede the meeting passing the special resolution.
Keep practising Buy-Back of Securities
Browse all Buy-Back of Securities questions for CA Inter, or explore more Accounting topics.
Related questions
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