M s ABC Limited desires to buy back its shares Company passed the special resolution at 1st January ...........

Companies Act-Phase (I & II) Share capital and debentures

M/s ABC Limited desires to buy back its shares. Company passed the special resolution at 1st January, 2016. As per Section 68(4) of the companies Act, 2013, up to which date company need to be completed the process of buy back?

5th January, 2016

30th December, 2017

30thSeptember, 2016

None of the above

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Explanation:

According to the Section 68(4) of the companies Act, 2013, Every buyback shall be completed within 1 Year from the date of passing of special resolution/Board resolution.