is there any recent circular which prohobits the promotors of a pvt. ltd. co. from buying back the shares of their company?
1 Replies
Ratti Wahal
(Company Secretary)
(139 Points)
Replied 25 November 2009
Dear Prasanna,
As per my knowledge, there is no circular issued by the concerned department/ ministry which restricts the promoters of the Private Limited Company from buying back shares of their own Company.
Regards,
Ratti Wahal, ACS
Assistant Manager
Kapgrow Corporate Advisory Services Private Limited
E-173, Kalkaji, New Delhi-110019
Contact No.(s):011-40553774, 9310270885
e-mail: ratti.wahal @ kapgrow.com
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