We advise this option when the company wants to

Raise additional capital by equity shares without diluting control of the existing ordinary shares

Satisfy the need of retail investors who do not bother much about voting rights, but are more concern about dividend and returns.

Section 68, 69 and 70 of the Companies Act 2013 and Rule 17 of Companies (Share Capital and Debentures) Rules, 2014 deals with buyback. Here, we advise them on the appropriate size, timing, procedure and compliances.

Note: Only a private company can issue non-voting equity shares. (intepretation of various sections of Companies Act, 2013)

We understand the strategic objectives of the management and based on this we advise them on size, timing, compliances and process of issue and once agreed we help execute the agreed issue.