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.