Ca final urgent
ankita agrawal (article student) (133 Points)
03 November 2014ankita agrawal (article student) (133 Points)
03 November 2014
Rahul
(Chartered Accountnat CS)
(1580 Points)
Replied 03 November 2014
LIMIT STANDS 25%
BUT for listed companies which are governed by SEBI (regulations) limit is 15% from open market
This means that even listed company can exceed 15% but max upto 25% if they buy back such excess from Sources other than open market viz
1 odd lots
2 Employyes
3 Existing SH on a propotionate basis