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143 Resolutions of directors after a share buy-back

Resolutions of directors after a share buy-back

Section 67A(3A) of the Act provides that where a company has purchased its own shares, the directors of the company may resolve –

(a) to cancel the shares so purchased;

(b) to retain the shares so purchased in treasury (in this Act referred to as “treasury shares”); or

(c) to retain part of the shares so purchased as treasury shares and cancel the remainder.

 

Activity 3.6
Question to activity 3.6 Suggested answers to activity 3.6

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Resolutions of directors after a share buy-back Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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