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of <h1>Private and Unlisted Public Companies Must Follow 1999 Rules for Buy-Back of Securities Under Companies Act Sections 77A, 642(1).</h1> The Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Rules, 1999, were established under the authority of section 77A and section 642(1) of the Companies Act, 1956. These rules are applicable to private limited companies and unlisted public limited companies regarding the buy-back of securities. They became effective upon their publication in the Official Gazette on July 6, 1999, as notified by the Central Government.
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