In an off- market share buy- back,which of the following statements is incorrect?
A)A company can distribute franking credits as part of the consideration.
B)A company may not buy back more than 15% of its capital in any 12- month period.
C)All shareholders can participate in the plan.
D)All of the above

Question

Quizplus · Accepted Answer

The statement "A company may not buy back more than 15% of its capital in any 12- month period" is incorrect. The limit on the amount of buyback is set by the Australian Securities and Investments Commission (ASIC), and varies depending on the circumstances of the buyback. However, there is no fixed limit of 15% for all buybacks.

In an Off- Market Share Buy- Back,which of the Following