Buy back of company

Querist : Anonymous (Querist) 10 December 2011 This query is : Resolved
Dear Experts;
I have one query regarding buy back that when company wants to buy back then is it compulsory to apply first reduction of share capital as per section 100.kindly reply your truly suggestion becs its confusing to understand.
Thanks

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Raj Kumar Makkad (Expert) 11 December 2011
Yes. It is compulsory to first reduce the share capital as per section 100 of IT Act.

Sailesh Kumar Shah (Expert) 11 December 2011
Makkad sir,

It is Section 100 of the "Companies Act,1956"

not "it act".

Shonee Kapoor (Expert) 11 December 2011
:-) Agreed with Mr. Shah.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Querist : Anonymous (Querist) 12 December 2011
Dear Expert
im still confusing with the procedure.for reduction of capital can we have to compulsory take high court court or we have to reduce capital without high court order.

Thanks

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