Ch 2 · Share Capital and Debentures (Sec 43-72)

🧮 Formula sheet

1. 1.Buy-back conditions: ≤25% paid-up + free reserves; ≤25% of paid-up shares in year
2. 2.Bonus ratio decided by board, approved by shareholders
3. 3.DRR not required for listed cos / banking / NBFCs (Rule 18(7))