In this article we will discuss about:- 1. Introduction to Buy-Back of Securities 2. Meaning of Buy-Back of Securities 3. Sources 4. Advantages. Introduction to Buy-Back of Securities: By virtue of section 77(1) of the Companies Act, 1956, a company limited by shares could not buy its own shares as the same would amount to illegal reduction of capital. This [...]
The liability of the underwriter or underwriters will be determined in the following ways. They are:- 1. Complete Underwriting 2. Partial Underwriting 3. Firm Underwriting. Way # 1. Complete Underwriting: (a) When the whole issue of shares or debentures is underwritten by a single underwriter: When the full issue is underwritten by one underwriter, then his liability will be equal [...]
In this article we will discuss about the meaning and advantages of listing of securities. Meaning of Listing: Listing means admission of securities to dealings on a recognized stock exchanges of any incorporated company, Central and State Governments, quasi governmental and other financial institutions/corporations, municipalities, electricity, housing boards etc. stock exchange means any-body of individuals, whether incorporated or not, constituted [...]