CA Saxena (CA) (161 Points)
18 January 2012plz help me out on following:
the co can buy back 8000 shares
the shareholding pattern on date is as follows:
A-21000
B-1000
C-3000
D-1000
E-2500
F-2500
G-2500
total- 33500 shares
now we wish to buy back shares of Mr. B(1000) and Mr. F(2500) plz brief me out on how to proceed with the buy back.
thanx in anticipation
Sanjay Inani
(CA FINAL)
(132 Points)
Replied 18 January 2012
Refer to Section 77A(2) of Companies Act...
CA Saxena
(CA)
(161 Points)
Replied 18 January 2012
did tht bt since it says propotionately..i need sum clarification whether it is possible to buy entire shareholding of particular members
Sanjay Inani
(CA FINAL)
(132 Points)
Replied 18 January 2012
CAclubindia
