I am a director of the company and can I as a director escape from liability if no specific penalty or punishment is provided for contravention of provisions of the Act?
In a closely held Company, can buy back be specific and not general in nature when buy-back is supposed to be done from the existing shareholders which will be well within the threshold limit as prescribed. Is the notion of proportionate basis mandatory to be followed as written in Companies Act, 2013.
In essence, can there be different letters of offer to different individual shareholders in buy-back ?
Would the same be termed as legitimate if executed ? Opinions are invited in this regard please.
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