The return of capital and share buy- backs are permitted without legal authorisation if the reduction:
A) is fair and reasonable to the company's shareholders as a whole
B) does not materially prejudice the company's ability to pay its creditors
C) is approved by shareholders
D) all of the above
Correct Answer:
Verified
Q2: A buy- back in which the company
Q3: Explain the concept of subdividing shares.
Q4: Preference shares that may be repurchased by
Q5: Explain the concept of the forfeiture of
Q6: Explain when and how capital may be
Q7: The Corporations Act specifies five types of
Q8: In the Corporations Act,the repurchase of a
Q9: Identify the five types of buy- back
Q10: Which of the following statements is correct?
A)the
Q11: Included in the share capital of Sundale
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