alleryStart learning →Under Section 68, specified securities include
AFixed deposits accepted
BTrade receivables due
CEmployee stock options
DBank overdraft limits
Answer & Solution
Correct answer: C. Employee stock options
The Act extends the buy-back power to employee stock options and other securities notified by the Central Government.
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After 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'sThe compliance certificate annexed to the buy-back return is in Form