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Buy back of shares
The document discusses buyback of shares by various companies. It provides details such as company name, buyback price per share, meeting date for approval and record date for various companies. It then provides more details about Indiabulls Real Estate's buyback offer including offer size, number of shares, buyback price and type of buyback. Finally, it discusses the concept of buyback of shares by a company in general and some objectives and advantages of share buyback.
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Introduction to the concept of share buybacks presented by Harshit Garg, focusing on company accounts.
Data on various companies' buyback prices, meeting dates, and record dates including JB Chemicals, Welspun Corp, and others.
Indiabulls Real Estate's 2019 buyback offer of ₹500 crores for 50 million shares at ₹100 each, highlighting the company's financial strength.
Definition and implications of share buybacks, including the resultant decrease in a company's share capital.
Exam questions inquiring about the process and features of a company's share buyback.
Advantages of share buybacks such as improving earnings per share, utilizing idle cash, and enhancing shareholder confidence.
Overview of Section 68(1) of the Companies Act, 2013, detailing the legal provisions for funding buybacks.
Conditions for conducting buybacks including company authorizations and limits on share quantities and capital.
Prohibitions against buyback under certain conditions as per Section 70 of the Companies Act, 2013.
Definition and components of free reserves which are accessible for funding share buybacks.
Example of journal entries related to share buybacks demonstrating the accounting process.
Accounting details and journal entries for buybacks involving partly paid equity shares.
Illustrative examples and journal entries for various buyback transactions by companies.
An example with complete journal entries and a balance sheet preparation post-share buyback.
