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Q. > Please Help: Bonus Share
the buy-back is of less than twenty five per cent of the total paid-up capital and free reserves of the company: and
the buy-back of equity shares in any financial year shall not exceed twenty five per cent of its total paid-up equity capital in that financial year Plz interprete the above..What these lines want to say..In Ist line 25% of paid up+ reserve but in 2nd line 25% of paid up capital
answered Sep 10, 2012 by SHIKHA SONI
here it means that--- 1st line means maximum limit of AMOUNT OF SHARES TO BE BOUGHT BACK is equal to or less than 25% of total paid up capital and free reserves .
2nd lines means that---- maximum limit of NUMBER OF SHARES TO BE BOUGHT BACK is equal to or less than its total paid up equity capital
answered Sep 11, 2012 by Akanksha Handa
As per first lines it quite clear that Company cannot buyback moe than 25 % of Total Paid up Capital and free reserves. and second line is talking aboout financial year, which means you cannot buy back more than 25% of piad up capital in one financial year. if you have to do so than u have to repeat the process of buy back every year , to buy back the total desired amount of shares,,,....this what i conclude.
Experts Panelist
Comments
CA Sagar saraswat
09-Sep-2012 , 09:39:27 ami beleive in first line it is eq. + pref. paid up capital but in second line only eq.
SHIKHA SONI
10-Sep-2012 , 10:27:58 amhere it means that--- 1st line means maximum limit of AMOUNT OF SHARES TO BE BOUGHT BACK is equal to or less than 25% of total paid up capital and free reserves . 2nd lines means that---- maximum limit of NUMBER OF SHARES TO BE BOUGHT BACK is equal to or less than its total paid up equity capital