company required to file with the Registrar of Companies and SEBI

. Decliration of Solvenq [Sec. 77 A (6)]. Before buy-back, the company required to file with the Registrar of Companies and SEBI a ‘declaration of

solvency in the prescribed form duly verified by

as a result of which they have formed an opinion thai

it is capable of meeting its liabilities within a pcriod orone year of the d::t:: c; declaration. It is to be signed at least by two directors one of whom should be

the managing director, if any, In case of a company whose shares are not

listed on any rec9gnised stock exchange. the declaration is not to be filed with SEB!.