Under the scheme of buyback of shares, the company in order to perform its obligations, is required to open an ________ account.

Fixed Deposit

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Escrow Deposit

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Savings Deposit

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Current Deposit

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Solution

The correct option is B Escrow Deposit
In order to perform obligation under the scheme of buy back of shares, a company is required to open an escrow account. SEBI can forfeit the escrow account in case of non fulfillment of the obligations.

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Under the scheme of buyback of shares, the company in order to perform its obligations, is required to open an ________ account.

The correct option is B Escrow DepositIn order to perform obligation under the scheme of buy back of shares, a company is required to open an escrow account. SEBI can forfeit the escrow account in case of non fulfillment of the obligations.

The correct option is B Escrow Deposit
In order to perform obligation under the scheme of buy back of shares, a company is required to open an escrow account. SEBI can forfeit the escrow account in case of non fulfillment of the obligations.