https://www.taxtmi.com/acts?id=14602 The Explanatory Statement for a special resolution on buy-back must disclose key operational and financial particulars: Board approval date, necessity, class and method of buy-back, maximum funds and sources, basis of buy-back price, number of securities proposed and time limit, promoters' aggregate holdings and recent trading, intention to tender with acquisition details, confirmation of no subsisting repayment defaults, Board's solvency opinion for the year ahead including contingent liabilities, and an auditors' report confirming inquiry, permissible capital payment and reasonableness of the Board's opinion. en-us Fri, 03 Jun 2011 14:58:44 +0530 Fri, 03 Jun 2011 14:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14602 The Explanatory Statement for a special resolution on buy-back must disclose key operational and financial particulars: Board approval date, necessity, class and method of buy-back, maximum funds and sources, basis of buy-back price, number of securities proposed and time limit, promoters' aggregate holdings and recent trading, intention to tender with acquisition details, confirmation of no subsisting repayment defaults, Board's solvency opinion for the year ahead including contingent liabilities, and an auditors' report confirming inquiry, permissible capital payment and reasonableness of the Board's opinion. Act-Rules Companies Law Fri, 03 Jun 2011 14:58:44 +0530 https://www.taxtmi.com/acts?id=14602