Section 15. In section 217 of the principal Act, after sub-section (2A), the following sub-section shall be inserted, namely:

15. In section 217 of the principal Act, after sub-section (2A), the following sub-section shall be inserted, namely:— "(2B) The Board's report shall also specify the reasons for the failure, if any, to complete the buy-back within the time specified in sub-section (4) of section 77A." Amendment of section 227.