Buyback accounting basis updated: calculations may use recent unaudited accounts within six months subject to limited review. Where audited accounts are more than six months old, buy back calculations shall be based on unaudited accounts not older than six months from the date of the offer document, provided those unaudited accounts have been subjected to limited review by the auditors of the company.
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.
Buyback accounting basis updated: calculations may use recent unaudited accounts within six months subject to limited review.
Where audited accounts are more than six months old, buy back calculations shall be based on unaudited accounts not older than six months from the date of the offer document, provided those unaudited accounts have been subjected to limited review by the auditors of the company.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.