TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II SECTION 3

SUB-SECTION (i)

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MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS

( Department of Company Affairs )

Corrigenda

 

New Delhi, dated 2nd March, 2000

G.S.R.216 (E).- In exercise of the powers conferred by section 77A of the Companies Act, 1956 ( 1 of 1956 ) read with sub-section (i) of section 642 of the said Act, the Central Government hereby makes the following rules to amend the Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Rules, 1999, namely:-

1(1) These rules may be called the Private Limited Company and Unlisted Public Limited Company (Buy-back of Securities) Amendment Rules, 2000.

(2) They shall come into force on the date of their publication in the Official Gazette.

  1. In the Private Limited Company and Unlisted Public Limited Company ( Buy-back of Securities) Rules, 1999, in Schedule-II,-

  1. in clause (ix), for the words "by the Board", the words "by the Central Government" shall be substituted;

  2. after clause (xix), the following clause shall be inserted, namely :-

" (xx) The letter of offer shall contain pre and post buy-back debt equity ratios."

 

 

 

( F.No. 1/2/99-CL.V )

 

(A. RAMASWAMY )

JOINT SECRETARY

Foot-note:- The principal rules were published in the Gazette of India vide number G.S.R. 502 (E) dated 6.7.1999.