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Section 4: Purchase or other acquisition of own shares

Companies Act · SECOND SCHEDULE

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

4. Purchase or other acquisition of own shares (1) Authority to acquire own shares For the purposes of section 68, the company shall be expressly authorised to purchase or otherwise acquire shares issued by it. (2) Authority to hold own shares Subject to any restrictions or conditions imposed by law, the company shall be expressly authorised to hold shares acquired by it pursuant to section 68 or 110.

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