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Chapter 5 Redemption or purchase by private company out of capital (ss. 709-723)

Comparing proposed amendment...
Introductory (s. 709)
In force
709. Power of private limited company to redeem or purchase own shares out of capital
The permissible capital payment (ss. 710-712)
In force
710. The permissible capital payment
In force
711. Available profits
In force
712. Determination of available profits
Requirements for payment out of capital (ss. 713-720)
In force
713. Requirements for payment out of capital
In force
714. Directors' statement and auditor's report
In force
715. Directors' statement: offence if no reasonable grounds for opinion
In force
716. Payment to be approved by special resolution
In force
717. Resolution authorising payment: exercise of voting rights
In force
718. Resolution authorising payment: disclosure of directors' statement and auditor's report
In force
719. Public notice of proposed payment
In force
720. Directors' statement and auditor's report to be available for inspection
Requirements for payment out of capital: employees' share schemes (ss. 720A-720B)
In force
720A. Reduced requirements for payment out of capital for purchase of own shares for the purposes of or pursuant to an employees' share scheme
In force
720B. Registration of resolution and supporting documents for purchase of own shares for the purposes of or pursuant to an employees' share scheme
Objection to payment by members or creditors (ss. 721-722)
In force
721. Application to court to cancel resolution
In force
722. Notice to registrar of court application or order
Supplementary provisions (s. 723)
In force
723. Time when payment out of capital to be made or shares to be surrendered