Contents of Explanatory Statement

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....e for special resolution for buy-back shall, inter-alia, contain the following:-      (i) the date of the Board meeting at which the proposal for buy-back was approved by the Board of Directors of the company;      (ii) the necessity for the buy-back;      (iii) the class of security intended to be purchased under the buy-back; ....

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....ggregate number of equity shares purchased or sold by persons including persons mentioned in (a) above during a period of six months preceding the date of the Board Meeting at which the buy-back was approved from date till date of notice convening the general meeting;           (c) the maximum and minimum price at which purchases and sale referred to....

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....o grounds on which the company could be found unable to pay its debts;           (b) as regards its prospects for the year immediately following that date that, having regard to their intentions with respect to the management of the company's business during that year and to the amount and character of the financial resources which will in their view....

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....sp; (b) the amount of the permissible capital payment for the securities in question is in their view properly determined; and           (c) the Board of directors have formed the opinion as specified in clause (xii) on reasonable grounds and that the company, having regard to its state of affairs, will not be rendered insolvent within a period of on....