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CORPORATE LAW BUSSZ423 (20 marks) Companies are allowed to buy back Its own shares pursuant to Section 127 of the Companies Act 2016. For companies

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CORPORATE LAW BUSSZ423 (20 marks) Companies are allowed to buy back Its own shares pursuant to Section 127 of the Companies Act 2016. For companies listed on the Main or ACE Markets of Bursa Malaysia, additional rules and requirements are imposed on such companies when undertaking share buyback. Based on the statement above critically discuss THREE (3} rationales for share buy -back. Support your answer with relevant statutory provisions of the Companies Act 2016 and decided cases

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