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of <h1>New Rules for Private & Unlisted Public Companies on Buy-Back of Securities under Section 77A of Companies Act</h1> The notification issued by the Department of Company Affairs under the Ministry of Law, Justice & Company Affairs outlines the Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Rules, 1999. These rules are established under the authority of section 77A of the Companies Act, 1956, in conjunction with sub-section (1) of section 642 of the same Act. The rules pertain to the buy-back of securities by private limited companies and unlisted public limited companies, providing a regulatory framework for such transactions.
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