can a closely held co make a tender offer for buy back of shares to its members..??
n what if a single member only wishes to apply for buy back of his entire holding in the company??
thanx
2 Replies
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 18 January 2012
A Private or unlisted public company may buy-back its shares by either of the following
methods :-
(a) from the existing shareholders on a proportionate basis through private offers;
(b) by purchasing the securities issued to employees of the company pursuant to a
scheme of stock option or sweat equity.
accordingly it is mandatory that buyback should be made on proportionate basis from all existing shareholder
CA Saxena
(CA)
(161 Points)
Replied 18 January 2012
| Originally posted by : CS Rajveer Rai, Gurgaon | ||
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so is there any manner in which we can buy back shares of a particular shareholder sir??
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