Companies Act · s 48A

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s 48AAcquisition of shares of holding company [S 441201 71

(1)

A company shall not, whether directly or indirectly, in any way acquire or purport to acquire shares or units of shares in a holding company of the company.

(2)

A contract or transaction by which a company acquires or purports to acquire shares or units of shares in its holding company in contravention of subsection (1) shall be void.

ISSUE OF REDEEMABLE PREFERENCE SHARES

AND SHARES AT DISCOUNT