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Every buy-back shall be completed within how many months from the date of passing the resolution?
A12 months
B6 months
C3 months
D24 months
Answer & Solution
Correct answer: A. 12 months
1. Step 1: Sec 68(4) requires every buy-back to be completed within 12 months.
2. Step 2: Counted from the date of passing the special / board resolution.
3. Step 3: Hence (C).
_Source: ICAI BoS CA Inter Paper 1, Ch 12 "Buy-Back of Securities"_