A private Limited Company wants to buy back its shares. It has 4 NRI holding 4.90% of shares. Can the Company buy back from these NRIs? Is there any specific rule or law applicable in such a case? Will there be same procedure as applicable to normal buy back?
2 Replies
valji
(Accounts manager-MBA)
(2150 Points)
Replied 05 December 2011
YES SHARE CAN BE BUY BACK
FOLLOW RBI GUIDELINES FOR THE SAME
Anny Jain
(ACS)
(103 Points)
Replied 05 December 2011
Dear Valji,
Can you provide the exact guidelines of RBI for this? Do I need to file just Form FC-TRS? or I need to comply with any other requirements?
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