The shares may be bought back by any company under the prescribed rule and regulations depending on ...........

Finance (Phase -I & II) Valuation of Securities

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The shares may be bought back by any company under the prescribed rule and regulations depending on-

1.To increase promotersholdings

2.To increase earning pershare

3.To pay surplus cash not required by business

1 and 2

2 and 3

1 and 3

1, 2 and 3

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Explanation:

The shares may be bought back by any company under the prescribed rule and regulations depending one or more of the following reasons:
1. To increase promotersholdings,
2. To increase earning pershare,
3. Rationalise the capital structure by writing off capital not represented by availableassets,
4. To support share value,
5. To pay surplus cash not required bybusiness.