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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 24 May 2023 - onwards
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102. Company acquiring its own shares, etc. - permissible circumstances and prohibitions

(1) Subject to the provisions of this Chapter, a company may acquire its own fully paid shares -

(a) by transfer or surrender to the company otherwise than for valuable consideration;

(b) by cancellation pursuant to a reduction of company capital by either of the means referred to in section 84;

(c) pursuant to an order of the court under section 212;

(d) where those shares are redeemable shares, by redemption or purchase under section 105;

(e) by purchase under section 105;

(f) where those shares are preference shares referred to in section 108, by redemption under that section;

(g) pursuant to a merger or division under Chapter 3 or 4 of Part 9; or

(h) pursuant to a conversion, merger or division under the European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 (S.I. No. 233 of 2023).

(2) Without prejudice to the powers of a company with respect to forfeiture of its own shares as provided by this Part or to accept any of its own shares surrendered in lieu fo

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