Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business The Companies Act, 2013
As per Section 68 of the Indian Companies Act, a company may purchase its own shares out of which of the following?
(A) Free reserves
(B) Securities premium account
(C) General reserve
(D) Proceeds of any other shares
(E) Proceeds of same kind of shares
Choose the correct answer from the options given below:
1
(A), (B), (C) and (E) only
2
(A), (B), and (D) only
3
(B), (C), (D) and (E) only
4
(A), (C), (D) and (E) only