Buy back

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Nagamani c y

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Jan 13, 2011, 4:27:01 AM1/13/11
to csmysore, cschennai
Dear All

In case, a Private Limited company is buying its shares - (25% of its
paid up capital and free reserve) on 100% premium whether the share
valuation is necessary or not?

Pls tell me

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*Thanks & Regards,*
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*Nagamani C.Y (Ms.)*

Bharat Hegde

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Jan 13, 2011, 8:59:23 AM1/13/11
to csmy...@googlegroups.com
Dear Ms. Nagamani,
 
Share valuation is not necessary for buy back, but directors have to give justification for the value in the letter of offer.
 
Regards,
Bharat


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Bharat Hegde
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