https://www.taxtmi.com/acts?id=12365 Companies are prohibited from directly or indirectly purchasing their own shares or other specified securities through subsidiaries or investment companies, and while specified payment defaults-such as unpaid deposits, debenture or preference-share redemptions, dividends, or term-loan obligations-are subsisting. Prior statutory compliance with related provisions is a prerequisite to effecting any buy-back. en-us Sat, 07 May 2011 11:48:11 +0530 Sat, 07 May 2011 11:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12365 Companies are prohibited from directly or indirectly purchasing their own shares or other specified securities through subsidiaries or investment companies, and while specified payment defaults-such as unpaid deposits, debenture or preference-share redemptions, dividends, or term-loan obligations-are subsisting. Prior statutory compliance with related provisions is a prerequisite to effecting any buy-back. Act-Rules Companies Law Sat, 07 May 2011 11:48:11 +0530 https://www.taxtmi.com/acts?id=12365