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Buy Back Of Shares.pdf

Buy-Back-of-Shares.pdf

🔗 Source: utkaluniversity.ac.in

📊 Size: 283 KB

👤 Author: user1

⬇️ Downloads: 276

Summary

Buy-back is the process by which a company buys back its shares from existing shareholders, usually at a price higher than the market price, reducing the number of shares outstanding. The reasons for buy-back include improving earnings per share, using idle cash, giving confidence to shareholders, increasing promoters' shareholding, and returning surplus cash to shareholders. The modes of buy-back include tender offers, book-building processes, and stock exchanges, with certain conditions and restrictions, such as authorization in the company's articles, special resolutions, and limits on the number of shares that can be bought back. The company must also maintain a register of buy-back, submit returns, and extinguish and destroy bought-back shares within a specified timeframe. Additionally, there are restrictions on buy-back in certain circumstances, such as default in repayment of deposits or loans, and non-filing of annual returns.

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Description

Buy-back is the process by which a company buys back its shares from existing shareholders, usually at a price higher than the market price, reducing the...

Technical Information

File Format: PDF
File Size: 283 KB
Pages: 3
Language: EN
Author: user1
Total Downloads: 276
Last Updated: 3 weeks ago

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This PDF document about Buy Back of Shares provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Buy Back of Shares.