According to the Companies Act, 2013, from which source may a company legally finance the buy-back of its own

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According to the Companies Act, 2013, from which source may a company legally finance the buy-back of its own shares?

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Option C: Free reserves, securities premium account, or proceeds of a different class of securities

Explanation & Concepts:
Practice and solve "According to the Companies Act, 2013, from which source may a company legally finance the buy-back o..." for Subject Knowledge - CCI Management Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option C: Free reserves, securities premium account, or proceeds of a different class of securities. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

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Option A: Share application money, capital reserve account, or proceeds of secured borrowings

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Option B: Revaluation reserve, share application money, or proceeds of long-term bank borrowings

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Option D: Retained earnings, unsecured borrowings, or proceeds of debenture redemption reserve

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