09 December 2010
What should be minimum gap between 2 buy back of equity shares if it is authorised by share holders in their meeting. If limitation of 365 days is applicable then From which date 365 days is to be counted. From date of BOD meeting or from date of completion of buy back.
In my opinion the period of 365 days is to be reckoned from the date of preceding offer of Buy buy back. That is to say, from the date on which last offer of buy back was made to the shareholders.
10 December 2010
Yes. Agree with the expert. The waiting period is 365 days. The next offer of buy back shall be made only after expiry of 365 days from the date on which last offer of buy back was made.
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