B: ACQUISITION BY A COMPANY OF ITS OWN SHARES

1: INTRODUCTION TO ACQUISITION BY A COMPANY OF ITS OWN SHARES

198 General rule and main exceptions

With certain exceptions, a limited company must not acquire its own shares, whether by purchase, subscription or otherwise1. The prohibition does not affect the company’s acquisition of its own fully paid shares otherwise than for valuable consideration, or its acquisition of any type of shares in a reduction of capital which has been duly carried out in accordance with the Act2. It does not affect the company’s power to purchase

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial