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Companies Act, 1990


Acquisition of Own Shares and Shares in Holding Company


206.In this Part—

the Act of 1983” means the Companies (Amendment) Act, 1983 ;

company” means a company to which section 207 relates;

distribution” has the meaning assigned to it by section 51 (2) of the Act of 1983 (as amended by section 232 (d) and (e) of this Act);

redeemable shares” includes shares which are liable at the option of the company or the shareholder to be redeemed.