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Filing of declaration of solvency before buy-back: which body / authorities is it filed with?
AICAI
BRegistrar of Companies and SEBI (SEBI only for listed)
CNFRA only
DIncome Tax Department
Answer & Solution
Correct answer: B. Registrar of Companies and SEBI (SEBI only for listed)
1. Step 1: Sec 68(6) requires filing the declaration of solvency with the Registrar and SEBI.
2. Step 2: SEBI filing only for listed companies.
3. Step 3: Hence (B).
_Source: ICAI BoS CA Inter Paper 1, Ch 12 "Buy-Back of Securities"_