Buy-back of securities return requires disclosure of sources, amounts, debt ratios, and director solvency declaration. Form SH-11 requires disclosure of sources of buy-back funds, detailed pre- and post-buy-back capital and securities information, buy-back consideration and utilisation of reserves, dates and SRNs for board and members' authorisations and buy-back events, and pre- and post-buy-back debt-to-capital and free reserves ratios including any government approval for ratios above 2:1. The return must include comparative shareholding patterns, promoter-wise details, specified attachments (including board resolution, special resolution, balance sheet and compliance certificate), and a director's digital declaration confirming enquiry into affairs and solvency and compliance with buy-back provisions.
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Provisions expressly mentioned in the judgment/order text.
Buy-back of securities return requires disclosure of sources, amounts, debt ratios, and director solvency declaration.
Form SH-11 requires disclosure of sources of buy-back funds, detailed pre- and post-buy-back capital and securities information, buy-back consideration and utilisation of reserves, dates and SRNs for board and members' authorisations and buy-back events, and pre- and post-buy-back debt-to-capital and free reserves ratios including any government approval for ratios above 2:1. The return must include comparative shareholding patterns, promoter-wise details, specified attachments (including board resolution, special resolution, balance sheet and compliance certificate), and a director's digital declaration confirming enquiry into affairs and solvency and compliance with buy-back provisions.
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