Buy-back register requirements: record resolution, authorised amount, security details, acquisition mode, consideration and extinguishment dates. A mandated buy-back register must record the members' special resolution date, authorised buy-back amount and completion date; detailed particulars of each security bought back (folio/certificate, date, quantity, category, last holder, reference to members' register); mode of acquisition, face value, buy-back consideration per security, total and cumulative consideration; and dates of cancellation, extinguishment and physical destruction, with signature, designation and company seal for authentication.
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 register requirements: record resolution, authorised amount, security details, acquisition mode, consideration and extinguishment dates.
A mandated buy-back register must record the members' special resolution date, authorised buy-back amount and completion date; detailed particulars of each security bought back (folio/certificate, date, quantity, category, last holder, reference to members' register); mode of acquisition, face value, buy-back consideration per security, total and cumulative consideration; and dates of cancellation, extinguishment and physical destruction, with signature, designation and company seal for authentication.
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