Amendment of section 68

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s of companies, as may be prescribed, the buy-back may be up to such per cent. of aggregate of paid-up capital and free reserves, as may be prescribed: Provided further that in respect of the buy-back of equity shares in any financial year, the reference to twenty-five per cent. or such other per cent., as the case may be, in this clause shall be construed with respect to its total paid-u....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....be inserted; (c) in sub-section (6), the words "and verified by an affidavit" shall be omitted; (d) in sub-section (8), after the words "sweat equity", the words, brackets, letter and figures ", or a scheme linked to the value of the share capital of a company referred to in clause (b) of sub-section (1) of section 62," shall be inserted; (e) in sub-section (11),-- ....