Here I have solved a problem of Buy Back of Shares where number of shares are not given and there are three scenarios of debt.

This is Illustration 6 of the ICAI Study Material ( Perrotte Ltd. )

I have explained how to calculate the maximum number of shares to be bought back by doing all the 3 tests according to Section 68 of the Companies Act.

⏱TIMESTAMPS
00:00 - Question
04:49 - Resource Test
07:01 - Shares Outstanding Test
08:27 - Debt Equity Ratio Test
17:36 - Journal Entries

Buy Back Chapter Playlist
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