Validity of BuyBack Of Shares | Companies act 2013 | Section 230 | M&A Critique - 0 views
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mnacritique on 28 May 18Buyback of shares must be effected only under Section 77A of the Companies Act, 1956/Section 68 of the Companies Act, 2013. If a buyback of shares is effected under Section 77A/Section 68, then the distributed income of the company as defined in Section 115QA of the Income Tax Act