TMI BlogProhibition for buy-back in certain circumstancesX X X X Extracts X X X X X X X X Extracts X X X X ..... 70. (1) No company shall directly or indirectly purchase its own shares or other specified securities- ( a ) through any subsidiary company including its own subsidiary comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or interest payable thereon to any financial institution or banking company: Provided that the buy-back is not prohibited, if the default is remedied and a period of three years has lapsed ..... X X X X Extracts X X X X X X X X Extracts X X X X
|