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Can a pvt unlisted company which is not doing any business for last 5 yrs go for a buy-back to reduce share capital of Rs. 2,00,00.

Section 68- Power of company to purchase its own securities.

Posted By: Meenu 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    VenkadasalamV

Sec 68 gives power only for a portion of shares to buy back but if you invoke Sec 100 or 391 of 1956 Act, reduction of capital can be done, through court order

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Expert    Ankit Singhi

There is no such restriction imposed in the Act.

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