Buy-back of shares permitted by proportionate private offers to shareholders or purchase of employee-issued securities under option schemes. Rule 3 permits a company to buy back its shares either from existing shareholders on a proportionate basis through private offers or by purchasing securities issued to employees under a stock option or sweat equity scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Buy-back of shares permitted by proportionate private offers to shareholders or purchase of employee-issued securities under option schemes.
Rule 3 permits a company to buy back its shares either from existing shareholders on a proportionate basis through private offers or by purchasing securities issued to employees under a stock option or sweat equity scheme.
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