Companies (Share Capital and Debentures) Second Amendment Rules, 2016
If all the members of the Company agree, the offer for buy back may remain open for a period of less then fifteen days as the Central government has added the following proviso in the rule 17 after sub- rule (5) of Companies (Share Capital and Debentures) Rules, 2014 via notification dated 29th March, 2016: “Provided that where all members of a company agree, the offer for buy-back may remain open for a period less than fifteen days.’’