P.U. 173/66
COMPANIES REGULATIONS, 1966
PART IIIA - SHARES BUY BACK BY A COMPANY.
(1) A declaration made under regulation 18A shall be valid for shares buy back for a period of six months after the date it was made unless earlier revoked under paragraph (2) .
(2) If during the period specified in paragraph (1) a director is of the opinion that it is likely that the company will not remain solvent, he shall, as soon as practicable-