Question
For the question C, The company IS not LIABLE TO BUY BACK Hamid's share Section 127(2) of the CA 2016 provides that a company shall
For the question C, The company IS not LIABLE TO BUY BACK Hamid's share
Section 127(2) of the CA 2016 provides that a company shall not purchase its own shares unless:
(a)The company is solvent at the date of purchase
(b) Purchase made through stock exchange on which the shares are quoted
(c) Purchase in good faith and interest of the company
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Law Express Contract Law
Authors: Emily Finch, Stefan Fafinski
6th Edition
1292210125, 978-1292210124
