https://www.taxtmi.com/acts?id=14603 Schedule II mandates that a buy-back letter of offer must state offer terms (number and percentage of securities, price), timetable, authority and full material disclosures including the explanatory statement for the special resolution; necessity, process, minimum/maximum securities, funding sources and financing costs; three years' audited financials with prescribed ratios; present and post buy-back capital structure; promoter and related holdings with prior transactions and prices; management discussion on impacts; statutory approvals; directors' declarations on defaults and solvency for one year including contingent liabilities; and an auditors' report supporting permissible capital payment and the directors' opinion. en-us Fri, 03 Jun 2011 15:00:06 +0530 Fri, 03 Jun 2011 15:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14603 Schedule II mandates that a buy-back letter of offer must state offer terms (number and percentage of securities, price), timetable, authority and full material disclosures including the explanatory statement for the special resolution; necessity, process, minimum/maximum securities, funding sources and financing costs; three years' audited financials with prescribed ratios; present and post buy-back capital structure; promoter and related holdings with prior transactions and prices; management discussion on impacts; statutory approvals; directors' declarations on defaults and solvency for one year including contingent liabilities; and an auditors' report supporting permissible capital payment and the directors' opinion. Act-Rules Companies Law Fri, 03 Jun 2011 15:00:06 +0530 https://www.taxtmi.com/acts?id=14603