Return on Buy-back of Securities requires prescribed company disclosures and a detailed schedule to ensure statutory compliance. The Return on Buy-Back of Securities requires company identification, capital composition (equity, preference, other classes), free reserves, securities premium, proceeds, and debt (secured/unsecured). It records the members' special resolution authorising the buy-back, authorised amount and completion timeline, prior buy-back dates, permitted debt-equity ratio and any government approvals. The return mandates declarations of defaults and statutory compliance, and a detailed schedule of each security bought back including mode of acquisition, consideration paid, cancellation/extinguishment dates, and authorised signature and company seal.
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.
Return on Buy-back of Securities requires prescribed company disclosures and a detailed schedule to ensure statutory compliance.
The Return on Buy-Back of Securities requires company identification, capital composition (equity, preference, other classes), free reserves, securities premium, proceeds, and debt (secured/unsecured). It records the members' special resolution authorising the buy-back, authorised amount and completion timeline, prior buy-back dates, permitted debt-equity ratio and any government approvals. The return mandates declarations of defaults and statutory compliance, and a detailed schedule of each security bought back including mode of acquisition, consideration paid, cancellation/extinguishment dates, and authorised signature and company seal.
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