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Budget 2019 – Buyback tax extended to listed companies

July 10, 2019[2019] 107 179 (Article)
Modi Government 2.0 led by Finance Minister Nirmala Sitharaman proposed few measures pertaining to India’s capital markets, including extension of buyback tax (BBT) to listed companies, higher public shareholding (35%) requirement for listed companies than earlier mandated (25%), etc.
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