{"id":5445,"date":"2020-03-26T19:49:24","date_gmt":"2020-03-26T14:19:24","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=5445"},"modified":"2022-09-09T15:25:13","modified_gmt":"2022-09-09T09:55:13","slug":"buyback-of-shares-and-other-securities","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/","title":{"rendered":"Buyback of Shares and other Securities: A Complete Overview"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Under Buyback, there is the repurchase of its existing shares by the Company. To increase the overall value of shareholders, returning cash to shareholders, and restructure its capital structure Company generally Buyback its existing Shares. <strong><em>Under Companies Act, 2013, Section 68, 69, and 70 governs the Buyback of Shares and other Securities. <\/em><\/strong>In the article, we will go through the broad process of Buyback of Shares and other Securities as per <strong>Companies Act, 2013<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Companies_Act_2013\"><strong>[1]<\/strong><\/a><\/sup>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_is_Buyback_of_Shares\" >What\nis Buyback of Shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_are_the_legal_provisions_governing_Buyback_of_Shares_and_other_Securities\" >What\nare the legal provisions governing Buyback of Shares and other Securities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_are_the_different_modes_for_Buyback_of_Shares_and_other_Securities\" >What\nare the different modes for Buyback of Shares and other Securities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_are_the_conditions_which_should_be_fulfilled_for_Buyback_of_Shares_and_other_Securities\" >What\nare the conditions which should be fulfilled for Buyback of Shares and other\nSecurities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_are_the_prohibitions_for_Buyback_of_Shares_and_other_Securities\" >What\nare the prohibitions for Buyback of Shares and other Securities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_is_the_procedure_for_Buyback_of_Shares_and_other_Securities\" >What\nis the procedure for Buyback of Shares and other Securities?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#What_are_the_consequences_of_contravention_with_the_provisions_of_Section_68_of_Companies_Act_2013\" >What\nare the consequences of contravention with the provisions of Section 68 of\nCompanies Act, 2013?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/buyback-of-shares-and-other-securities\/#_Conclusion\" >&nbsp;Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Buyback_of_Shares\"><\/span>What\nis Buyback of Shares?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The process by which the Company repurchase its own\nshares and other securities from the existing shareholders of the Company at a\nhigher price than market price is referred to as Buyback of Shares.<\/em><\/strong> The number of outstanding shares in the\nmarket fall, when a Company Buyback the Shares and other Securities. &nbsp;<\/p>\n\n\n\n<p>Moreover,\nit can be said that Buyback is the method of cancellation of Share Capital of\nCompany. &nbsp;Whenever the Company\u2019s\nmanagement thinks that the shares of Company are undervalued or if the\noutstanding shares are falling in the market, the Company goes for Buyback. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_legal_provisions_governing_Buyback_of_Shares_and_other_Securities\"><\/span>What\nare the legal provisions governing Buyback of Shares and other Securities?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The legal provisions governing the Buyback of Shares and other Securities are as follows:<\/em><\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-55.png\" alt=\"legal provisions governing Buyback of Shares\" class=\"wp-image-5447\" width=\"527\" height=\"309\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-55.png 576w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-55-300x176.png 300w\" sizes=\"(max-width: 527px) 100vw, 527px\" \/><\/figure><\/div>\n\n\n\n<ul><li><strong><em>Section\n68, 69, and 70<\/em><\/strong>\nof the Companies Act, 2013<\/li><li><strong><em>Rule\n17<\/em><\/strong> of the\nCompanies (Share Capital &amp; Debentures) Rules, 2014<\/li><li>SEBI\n(Buyback of Securities Amendment) Regulations, 2013 along with the subsequent\namendments after that. &nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_different_modes_for_Buyback_of_Shares_and_other_Securities\"><\/span>What\nare the different modes for Buyback of Shares and other Securities?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The different modes for Buyback of Shares and\nSecurities are mentioned under Section 68(5) of the Companies Act, 2013. The\nBuyback of Shares and other Securities can be done: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/em><\/strong><\/p>\n\n\n\n<ul><li>On\nthe proportionate basis from the existing shareholders or security\nshareholders, <\/li><li>From\nthe open market,<\/li><li>By\nPurchase of Securities issued to employees of Company under stock option scheme\nor sweat equity. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_conditions_which_should_be_fulfilled_for_Buyback_of_Shares_and_other_Securities\"><\/span>What\nare the conditions which should be fulfilled for Buyback of Shares and other\nSecurities? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The conditions to be fulfilled for Buyback of Shares\nand other Securities are as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>The AoA of the Company should authorise for the Buyback of Shares and Securities.<\/li><li>The Buyback of Shares can be done only up to 25% or less than the paid-up Share capital of the Company &amp; Free Reserves.<\/li><\/ul>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong> The Buyback incase of Equity Shares-: 25% of the Paid-up Equity Capital.<\/div>\n\n\n\n<ul><li>The Buyback of Shares and other Securities can be done through:<\/li><\/ul>\n\n\n\n<ol><li>Free Reserves of the Company.<\/li><li>Securities Premium Account of the Company<\/li><li>The proceeds of Issue of any Shares or other Specified Securities<\/li><\/ol>\n\n\n\n<ul><li>The debt-equity ratio of the Company should not exceed 2:1. <\/li><li>The Shares and other Securities for Buyback should be fully Paid-Up.<\/li><li>In the case of Buyback of only 10% shares, exclusively an Ordinary Resolution is necessary.<\/li><li>In the case of Buyback is up to 25% of the total paid-up capital and free reserves, the Company needs a Special Resolution.<\/li><li>There should be a minimum gap of 1 year between two Buyback.<\/li><li>No Buyback can be done from proceeds of an earlier Issue of Shares and other Securities.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_prohibitions_for_Buyback_of_Shares_and_other_Securities\"><\/span>What\nare the prohibitions for Buyback of Shares and other Securities?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Under Section 70 of the Companies Act, 2013, the\nprohibitions mentioned are as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>Company cannot directly or indirectly go to purchase its own shares and other securities through any Subsidiary Company which includes Company&#8217;s own Subsidiary Companies;<\/li><li>Company cannot directly or indirectly go to purchase its own shares and other securities through any Investment Company or group of Investment Companies;<\/li><li>Company cannot directly or indirectly purchase its own shares and other securities in case the Company has made a default in the following:<\/li><\/ul>\n\n\n\n<ol><li>Repayment of Deposits is accepted either before or after the commencement of the Companies Act, 2013,<\/li><li>Payment of Interest thereon,<\/li><li>The payment of Dividend to any Shareholder, <\/li><li>Redemption of Debentures or Preference Shares of Company,<\/li><li>Repayment of any interest payable or any term loan thereon to any Banking Company or Financial Institution.<\/li><\/ol>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong> The Buyback is not prohibited if the default is remedied and period of 3 years has lapsed after such default ceased to subsist.\n<\/div>\n\n\n\n<ul><li>After availing <a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>Company Registration<\/strong><\/a>, if the Company has not complied with the provisions of <strong><em>Sections 92, 123, 127 and Section 129 of the Companies Act, 2013,<\/em><\/strong> the Company cannot directly or indirectly purchase its own Shares and other Securities. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_procedure_for_Buyback_of_Shares_and_other_Securities\"><\/span>What\nis the procedure for Buyback of Shares and other Securities?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;<strong><em>The procedure for Buyback of Shares and other Securities is as follows:<\/em><\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-56.png\" alt=\" procedure for Buyback of Shares and other Securities \" class=\"wp-image-5448\" width=\"519\" height=\"306\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-56.png 576w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-56-300x177.png 300w\" sizes=\"(max-width: 519px) 100vw, 519px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Buyback\nthrough Ordinary Resolution<\/h3>\n\n\n\n<p><strong><em>In case of Buyback is for 10% or less of the total\npaid-up capital and free reserves of the Company:<\/em><\/strong><\/p>\n\n\n\n<ul><li>A notice at least 7 days before the Board Meeting to the Directors should be sent. <\/li><li>The Directors will authorise the Buyback of Shares and other Securities by an Ordinary resolution in the Board Meeting<strong><em>.<\/em><\/strong><\/li><li>The Directors should pass an Ordinary Resolution for the Buyback in the Board Meeting.<\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/issue-of-shares-through-private-placement\/\">Issue of Shares through Private Placement<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Buyback\nthrough Special Resolution<\/h3>\n\n\n\n<p><strong><em>In case of Buyback is for more than 10% and up to 25\n% of the paid-up capital and free reserves of the Company: <\/em><\/strong><\/p>\n\n\n\n<ul><li><strong>Notice for Board Meeting<\/strong><\/li><\/ul>\n\n\n\n<p>Notice\nof Board Meeting should be sent <strong><em>7 days<\/em><\/strong> prior to the date of Board\nMeeting. The agenda of the Board Meeting should be attached in the notice. <\/p>\n\n\n\n<ul><li><strong>Hold Board Meeting<\/strong><\/li><\/ul>\n\n\n\n<p>In\nthe Board Meeting, the approval of the following things should be given:<\/p>\n\n\n\n<ol><li>Approval for the Buyback of Shares and other Securities<\/li><li>Fix time, date, day and place of the EGM<\/li><li>Approval of notice for calling EGM along with the Explanatory Statements.<\/li><\/ol>\n\n\n\n<ul><li><strong>Send Notice for EGM<\/strong><\/li><\/ul>\n\n\n\n<p>The\nnotice of EGM should be sent <strong><em>at least 21 days<\/em><\/strong> before the date of\nthe EGM.<\/p>\n\n\n\n<ul><li><strong>Hold EGM<\/strong><\/li><\/ul>\n\n\n\n<p>A\nSpecial Resolution for the Buyback of Shares and Securities should be passed in\nthe EGM.<\/p>\n\n\n\n<ul><li><strong>File Form MGT-14 and Form SH-8<\/strong><\/li><\/ul>\n\n\n\n<p>After\npassing of the Special resolution file form <strong><em>MGT-14<\/em><\/strong> with the Registrar\nof Companies (RoC). The Form MGT-14 should be filed <strong><em>within 30 days<\/em><\/strong> of the\ndate of the EGM. The attachments with Form MGT-14 are:<\/p>\n\n\n\n<ol><li>A\ncopy of the Special Resolution and Explanatory Statement.<\/li><li>The\ncopy must be certified by CA, CS or any Cost Accountant of the Company.<\/li><\/ol>\n\n\n\n<p>A\nLetter of Offer is filed in <strong><em>Form SH-8<\/em><\/strong> by the Company which\nshould be signed by not less than 2 Directors of Company, one of whom can be\nManaging Director (MD) of the Company. The Form SH-8 should be attached with the\nfollowing attachments:<\/p>\n\n\n\n<ol><li>Details\nof Promoters of the Company<\/li><li>Declaration\nmade by the Auditors<\/li><li>A\ncopy of the Board Resolution<\/li><li>A\ncopy of the notice issued with the explanatory statement<\/li><li>Financial\nStatements of the Company for last 3 years<\/li><li>List\nof all Subsidiary and holding Companies<\/li><li>Buyback\nlist of past 3 years of the Company<\/li><\/ol>\n\n\n\n<p>The\nForm SH-9 should also be filed with Form SH-8. <strong><em>The Form SH-9 is a Declaration of\nInsolvency Form submitted by the Company. <\/em><\/strong>The Form SH-9 should be\nsigned by at least 2 Directors of the Company, one of whom can be the MD of the\nCompany.&nbsp;&nbsp; &nbsp;<\/p>\n\n\n\n<ul><li><strong>Letter of Offer<\/strong><\/li><\/ul>\n\n\n\n<p>Letter\nof Offer should be dispatched to Shareholders of the Company within 21 days of\nthe filing of the Form SH-8. <strong><em>The offer should be open for not less than\n15 days and should not exceed 30 days from the day of dispatch of the offer\nletter<\/em><\/strong>. <\/p>\n\n\n\n<ul><li><strong>Acceptance of Offer by Shareholders<\/strong><\/li><\/ul>\n\n\n\n<p>If\nno communication of the Rejection is made within <strong><em>21 days<\/em><\/strong> of offer closure,\nthe offer will be considered to be accepted by the Shareholders. <\/p>\n\n\n\n<ul><li><strong>Open Bank Account<\/strong><\/li><\/ul>\n\n\n\n<p>Immediately\nafter the closure, deposit the money in a separate bank account for Buyback of\nShares and other Securities. <\/p>\n\n\n\n<ul><li><strong>Verification and Acceptance and\nRejection <\/strong><\/li><\/ul>\n\n\n\n<p>Within\n<strong><em>15\ndays<\/em><\/strong> from the closure of the offer, the verification and acceptance of\nthe Buyback should be done. The shares will be deemed to be accepted if no\ncommunication of Rejection is made within <strong><em>21 days<\/em><\/strong> from the date of closure of\nthe offer.<\/p>\n\n\n\n<p>The\npayment of consideration amount should be made to the shareholder who\u2019s Shares\nand Securities are accepted. Payment should be made within <strong><em>7 days<\/em><\/strong> of the\nVerification and Acceptance.<\/p>\n\n\n\n<p>In\ncase the Shares and Securities of Shareholders are not accepted, the Share\nCertificate of such shareholders should be returned <strong><em>within 7 days<\/em><\/strong> of the\nRejection.<\/p>\n\n\n\n<p><strong><em>The Share and Securities brought back should be\ndestroyed within 7 days of the completion of the Buyback process.<\/em><\/strong><\/p>\n\n\n\n<ul><li><strong>Maintain Register of Shares and\nSecurities<\/strong><\/li><\/ul>\n\n\n\n<p>The\nRegister of Shares and Securities brought back should be maintained as per <strong><em>Form\nSH-10<\/em><\/strong>. The Register should be kept at the registered office of the\nCompany.<\/p>\n\n\n\n<ul><li><strong>File Return of Buyback<\/strong><\/li><\/ul>\n\n\n\n<p>The\nreturn of Buyback should be filed with the Registrar within <strong><em>30\ndays<\/em><\/strong> of completion of the Buyback process in the Company. The return\nshould be filed as per <strong><em>Form SH-11<\/em><\/strong> with the following\nattachments:<\/p>\n\n\n\n<ol><li>A\ncopy of Special Resolution passed at the EGM.<\/li><li>A\ncopy of the Board Resolution passed at the Board meeting.<\/li><li>A\ncopy of balance sheet of the Company.<\/li><li>The\ndescription of Shares and Securities, which are bought back.<\/li><li>Details\nof holders of securities, before Buyback.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_consequences_of_contravention_with_the_provisions_of_Section_68_of_Companies_Act_2013\"><\/span>What\nare the consequences of contravention with the provisions of Section 68 of\nCompanies Act, 2013?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>If the Company is in default in complying with the provisions of Section 68 of Companies Act, 2013, and of any regulation made by Securities and Exchange Board of India (SEBI), the following consequences will be faced:<\/em><\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-57.png\" alt=\"consequences of contravention with the provisions of Section 68 \" class=\"wp-image-5450\" width=\"509\" height=\"202\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-57.png 575w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/image-57-300x119.png 300w\" sizes=\"(max-width: 509px) 100vw, 509px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">By\nCompany<\/h3>\n\n\n\n<p><strong><em>The consequences faced by the Company are as\nfollows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>A\nfine of not less than 1 lakh rupees which can be extended to 3 lakh rupees on\nthe Company.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">By\nOfficer of Company<\/h3>\n\n\n\n<p><strong><em>The consequences faced by every officer of the\nCompany are as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>An\nimprisonment which can be extended to 3 years to every officer of the Company\nwho is in default, or<\/li><li>With\nfine which should not be less than 1 lakh rupees and can be extended to 3 lakh\nrupees, or<\/li><li>With\nboth.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_Conclusion\"><\/span>&nbsp;Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Section 68 of the Companies Act, signifies that any Company limited by Shares can opt for Buyback of Shares and other Securities.<\/em><\/strong> The Company for its improvement in the market goes for Buyback. The process of Buyback of Shares and Securities is a time-consuming task. We at <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz<\/strong><\/a> have experts who can assist you with the process of Buyback in the Company. Our experts will aid and help you with the process and assure you the successful completion of your work. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/issue-of-preference-shares-without-public-offer\/\">Issue of Preference Shares without Public Offer: A Complete Procedure\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under Buyback, there is the repurchase of its existing shares by the Company. To increase the overall value of shareholders, returning cash to shareholders, and restructure its capital structure Company generally Buyback its existing Shares. Under Companies Act, 2013, Section 68, 69, and 70 governs the Buyback of Shares and other Securities. In the article, [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":5454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[120,340],"tags":[427],"acf":{"service_id":"321"},"authorName":"Sakshi Sharda","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/02\/sakshi-sharda.jpg","authorDescription":"Sakshi Sharda has done BBALLB(HONS) and holds a strong knowledge on the matters pertaining to finance and law. From the past one year she is working as a legal advisor and in her leisure time she works on improvising her knowledge. Sakshi is spreading her knowledge by writing for Corpbiz.","postViews":12615,"readingTime":7,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/5445"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=5445"}],"version-history":[{"count":17,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/5445\/revisions"}],"predecessor-version":[{"id":48557,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/5445\/revisions\/48557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/5454"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=5445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=5445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=5445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}