Company Law : Where circular dated 25-7-2017 was issued by SEBI vide which SEBI permitted a company to buy-back shares so as to provide an exit to public shareholders, impugned circular dated 25-7-2017 was in accordance with law and prayer made in writ petition, challenging Postal Ballot and notice and PA of respondent no. 2 company by petitioners who were minority shareholders would not be maintainable as their issuance is purely an action of company incorporated under Companies Act
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000190085/sebi’s-circular-permitting-co-to-buy-back-shares-for-providing-exist-opportunity-to-shareholder-is-valid-hc.aspx
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