https://www.taxtmi.com/acts?id=15503 Companies may buy back their own shares or specified securities from defined internal funds, subject to authorisation by the articles and shareholder or board resolution, statutory quantitative and solvency limits, and compliance with market regulations for listed securities. Procedural requirements include an explanatory statement, a declaration of solvency before the buy-back, completion and destruction of bought-back securities within prescribed periods, maintenance of a buy-back register, and filing returns; non-compliance attracts fines and penalties. en-us Tue, 20 Dec 2011 11:29:53 +0530 Tue, 20 Dec 2011 11:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15503 Companies may buy back their own shares or specified securities from defined internal funds, subject to authorisation by the articles and shareholder or board resolution, statutory quantitative and solvency limits, and compliance with market regulations for listed securities. Procedural requirements include an explanatory statement, a declaration of solvency before the buy-back, completion and destruction of bought-back securities within prescribed periods, maintenance of a buy-back register, and filing returns; non-compliance attracts fines and penalties. Act-Rules Bill Tue, 20 Dec 2011 11:29:53 +0530 https://www.taxtmi.com/acts?id=15503