Buy back of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2013
Hi,I want to know if any director of the company is resigning and the authorised capital of the company is one lack.Resigning director having share 7.5%.Company gave 10,000 advance to the resigning director in previous month.Now what should be the procedure of buyback of shares.Can you explain in detail.
Ajay Mishra
(Expert)
29 November 2013
The provision of buy back will not applicable.
You also check the terms and condition of giving advance to director.
You also check the terms and condition of giving advance to director.
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