UGC NET
Nisha sharma Asked a Question
April 1, 2021 4:59 pmpts 30 pts
  • UGC NET
  • Commerce

Buy-back of shares when a company purchases its own shares, it is called 'buy-back of shares'. section 77a of the com provides that the company can buy their ow

Buy-back of Shares When a company purchases its own shares, it is called 'Buy-back of Shares'. Section 77A of the Com provides that the company can buy their own shares from either of the following sources: (a) Existing equity shareholders on a proportionate basis (b) Open Market (c) Odd-lot shareholders (d) Employees of the company Contact Us: Website: www.eduncle.com Email : support@eduncle.com | Call Us: 7665435300
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  • Rucha rajesh shingvekar
    Buy-Back is a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than market price. When it buys back, the number of ...
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  • Bhavani Sapare thankyou
    yes Undersection 77a(5) The buy-back may be- (a) from the existing security holders on a proportionate basis; or (b) from the open market; or (c) from odd lots, that is to say,...
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  • Nisha sharma
    explain me the points mentioned
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