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The offer for buy-back may remain open for less than 15 days

The offer for buy-back may remain open for less than 15 days

MCA wide notification dated 29/03/2016 – Companies (Share Capital and Debentures) Second Amendment Rules, 2016.

Previously Rule 17(5) of Companies (Share Capital and Debentures) Second Amendment Rules, 2014 stated that the offer for buy-back shall remain open for a period of not less than 15 days and not exceeding 30 days from the date of dispatch of the offer letter.

At present, if all the members of the company agree, the offer for buy-back may remain open for less than 15 days.

 

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