Section 82: Transactions not prohibited by section 81
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.
82. Transactions not prohibited by section 81
Section 81 shall not apply to—
(a) a distribution to a shareholder approved under section 61;
(b) the issue of shares by the company;
(c) a repurchase or redemption of shares by the company;
(d) anything done under a compromise under Part XVII or a compromise or arrangement approved under Part XVIII; or
(e) where the ordinary business of a company includes the lending
of money by the company in the ordinary course of business.
Sub-Part G – Cross-holdings
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Questions this section answers
- Does the financial assistance restriction apply to an ordinary share issue by my company?