TMI BlogContents of Explanatory StatementX X X X Extracts X X X X X X X X Extracts X X X X ..... solution for buy-back shall, inter-alia, contain the following: (i) the date of the Board meeting at which the proposal for buy-back was approved by the Board of Directors of the company; (ii) the necessity for the buy-back; (iii) the class of security intended to be purchased under the buy-back; (iv) the method to be adopted for the buy-back; (v) the maximum am ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... general meeting; (c) the maximum and minimum price at which purchases and sale referred to in (b) above were made along with the relevant date; (x) intention of the promoters and persons in control of the company to tender shares for buy-back indicating the number of shares, details of acquisition with dates and price; (xi) a confirmation that there are no defaults subsi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing that year, the company will be able to meet its liabilities as and when they fall due and will not be rendered insolvent within a period of one year from that date; and (c) in forming their opinion for the above purposes, the directors shall take into account the liabilities as if the company were being wound up under the provisions of the Companies Act, 1956 (including prospective ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of their transactions and their holdings for the last six months prior to the passing of the special resolution for buy back including information of number of shares acquired, the price and the date of the acquisition. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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