1. A company may acquire its own shares outside the enterprise for purposes or under a staff share program, if the acquisition has been previously authorized by a decision of the company under this Division. In determining, for the purposes of this Chapter, whether a corporation has an economic interest in shares, the interest referred to in (c) payments of a type referred to in Section 705 (with the exception of the purchase price to be made on distributable profits) that are lawfully made by the corporation shall not be taken into account. 1. Re-enterable shares of a limited liability company may be reimbursed only if they are paid in full. 1. A limited liability company may acquire its own fully paid up shares otherwise than for remuneration. (b) facilities for trading shares on the stock exchange have been granted to the company – (2) paragraph 1 applies to an interest in both shares and shares. (ii) the novation or assignment (in Scotland, assignment) of rights arising from a loan or other agreement, or, failing that, where the proceeds of the share buyback are used by the seller for the performance of an inheritance liability, the capital treatment may be applied in accordance with a separate and more limited set of conditions.

1. This Section applies to a decision prohibiting, amending, cancelling or extending powers within the meaning of Article 694 (power to acquire one`s own shares outside the undertaking). (a) by an end-of-life purchase, [F14 approved in accordance with Section 693A or] in accordance with a contract in accordance with the Contract that has been approved in advance in accordance with Section 694; (b) financial assistance from the company in good faith, in the interest of the company or its holding company, for the purposes of an employee participation scheme; (b) the amount indicated in the declaration as an authorised capital payment for the shares concerned is, in its view, correctly fixed in accordance with paragraphs 710 to 712 and (5) Neither the company nor, in a case referred to in point (d) or (e) of paragraph 1, of the nominee or another shareholder, may exercise voting rights in respect of the shares. It can be difficult to prove that the share buyback is for the benefit of trading (and not for the benefit of the outgoing shareholder). The main business reasons generally accepted by HM Revenue & Customs (HMRC) are: (4) A purchase is a “market purchase” if it is made on a recognized investment exchange and is not an off-market purchase in accordance with subsection (2) (b). The reference to the value of the shares is to be read in this regard as a reference to the value of their participation in the shares for the company. 1. Where a limited liability company re-establishes re-seisable shares, it must co-create it with the declarant within one month, indicating the shares reimbursed.

(b) the contract must provide that no shares may be acquired under the contract until its terms have been approved by an F18. Decision of the company. The articles of association (“articles of association”) govern the internal affairs of a company and serve as a contract between each of the shareholders of the company and between the shareholders and the company itself. . . .