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Prohibition for buy-back in certain circumstances.

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....Act, 1956 - (Repealed)<br>Prohibition for buy-back in certain circumstances. 77B. (1) No company shall directly or indirectly purchase its own shares or other specified securities &nbsp;&nbsp;&n....

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Full Text of the Document

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....yment of any term loan or interest payable thereon to any financial institution or bank is subsisting. (2) No company shall directly or indirectly purchase its own shares or other specified securit....

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