Which section of the Corporations Act 2001 generally precludes a company from purchasing its own shares?
A)Section 25A.
B)Section 29A.
C)Section 295A.
D)Section 259A.

Question

Quizplus · Accepted Answer

Section 259A of the Corporations Act 2001 generally precludes a company from acquiring its own shares, unless the acquisition is made in circumstances permitted by the Act.

Which Section of the Corporations Act 2001 Generally Precludes a Company