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Minimum gap between two buy-back offers from the date of closure of the previous buy-back is:
A1 year
B6 months
C2 years
D3 years
Answer & Solution
Correct answer: A. 1 year
1. Step 1: Per Sec 68(2) proviso, no offer of buy-back shall be made within 1 year reckoned from the date of closure of a previous offer.
2. Step 2: This means only one buy-back per year.
3. Step 3: Hence (B).
_Source: ICAI BoS CA Inter Paper 1, Ch 12 "Buy-Back of Securities"_