Exam 5: Buyback, Capital, and Restructuring in Companies

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Ratio of aggregate of secured and unsecured debt owned by the company after buyback should not be more than ---------the paid up capital and free reserves.

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Declaration of solvency shall be signed by at least ------- directors one of whom shall be the managing director.

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Every buyback shall be completed within a period of------------------- from the date of passing of board or special resulation.

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Approval of Board of directors upto ------ % of the total paid up equity capital and free reserves of the company.

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When one company buys all or parts of another company is called -----------.

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