Board resolution, approval of buy-back
A single format from the Buy-back, The Companies Act pack. s.68 · Rule 17, SC&D Rules 2014.
- 4 pages
- 49
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, approval of buy-backs.68 · Rule 17, SC&D Rules 2014
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Extract from the minutes of the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the Board meeting] at [Time of the Board meeting] at the registered office of the Company at [Company's registered office address]
BUY-BACK OF EQUITY SHARES OF THE COMPANY
The Chairman informed the Board that [Name of the shareholder(s)] [has / have] expressed a desire to realise [his / their] investment in the Company and that, having regard to the accumulated free reserves of the Company and the absence of any immediate deployment for them, it is in the interest of the Company to buy back a part of its issued and paid-up equity share capital, thereby returning surplus funds to the shareholders and improving the return on the remaining equity.