Buy back of shares
This query is : Resolved
05 November 2017
Can a company buy back 50% of its shares over 2 or 3 years?
05 November 2017
As per section 68, a company cannot buyback shares more than 25% of total paid up capital in one time. There is no maximum limit is provided upto which a company can buyback shares. Therefore, in the period of three years, a company may buy back upto 50% of paid up capital, provided complied with all provisions of company laws and Sebi LODR, if company is listed.
07 November 2017
Now I get it. Thank you for the clarification.
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