As per section 68 of The Companies Act, 2013, the company cannot buy their own shares from either of the following source:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Registrar of the company
A buy-back means a company purchasing its own shares from the people who hold them, so it can buy only from a source that owns its shares: its shareholders and employees. The Registrar of Companies is the government authority with which the company files documents, such as its declaration of solvency for the buy-back; it holds no shares of the company to sell.
NCERT (2026-27 edition):
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