### Case Scenario - III Quick Limited is in business of production of life saving medicines. It has sufficient cash funds available with it. It decided to buy back shares to the maximum permissible limit on 4th July 2025. On 1st July 2025, the company has the following Capital Structure: Particular (₹ in lakhs) Equity Share Capital (Shares of ₹ 100 each fully paid) 45.00 Reserves and Surplus General Reserve 74.00 Securities Premium Account 30.00 Profit & Loss Account 25.00 Revaluation Reserve 4.00 Statutory Reserve 6.50 Loan Funds 350.00 Quick Limited is considering to reduce the Loan Fund amount to ₹300 Lakhs by paying the Loan Funds amounting to ₹50 Lakhs before 4th July 2025. The current market value of the company's shares is ₹250 per share and to induce the existing shareholders to offer their shares for buy-back, it is decided to offer a price 20% over the market value. Based on the information given in above Case Scenario, answer the following Question Nos. 11-14:
Sub-questions (4)
What is the maximum permissible number of Equity Shares that can be bought back if the Loan Fund is ₹350 Lakhs?
(A) 11250 Shares
(B) 14500 Shares
(C) Nil Shares
(D) 6000 Shares
What is the maximum permissible number of Equity Shares that can be bought back if the Loan Fund is ₹300 Lakhs?
(A) 11250 Shares
(B) 14500 Shares
(C) Nil Shares
(D) 6000 Shares
What will be the maximum number of shares that can be bought back as per Companies Act, 2013 according to the decision made on basis of above two questions?
(A) 11250 Shares
(B) 14500 Shares
(C) Nil Shares
(D) 6000 Shares
What will be Equity Share Capital after buy-back?
(A) ₹33,75,000
(B) ₹30,50,000
(C) ₹45,00,000
(D) ₹39,00,000