Buy-Back of Own Securities by a Company | Company Audit
In this article we will discuss about the statutory requirements regarding buy-back of own shares by a company:- 1. Conditions for Buy-Back 2. Sources of Funds for Buy-Back 3. Prohibition for Buy-Back 4. Completion of Buy-Back 5. Register of Securities 6. Returns and Declaration. 1. Conditions for Buy-Back: (a) Must be authorised by Articles. (b) Shares/securities must be fully paid. [...]