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<h1>India Updates Buyback Rules: Use Unaudited Accounts if Audited Ones Are Over 6 Months Old, Rule 17 Amended.</h1> The Companies (Share Capital and Debentures) Amendment Rules, 2016, issued by the Ministry of Corporate Affairs, India, amends the 2014 rules under the Companies Act, 2013. Effective from its publication date, the amendment modifies Rule 17, sub-rule (1), clause (n), adding a proviso that if audited accounts are over six months old, buyback calculations must use unaudited accounts not older than six months, subject to a limited review by company auditors. This amendment follows previous modifications to the principal rules published in 2014 and amended through several notifications.