Section 189 Companies and Allied Matters Act (CAMA) 2020
Section 189 CAMA 2020 Re-issue of shares acquired Where shares are held as treasury shares, the company may at any time—(a) sell the shares (or any of them) for a cash consideration, or(b) transfer the shares (or any of them) for the purpose of or pursuant to an employees’ share scheme.
Section 188 Companies and Allied Matters Act (CAMA) 2020
Section 188 CAMA 2020 Enforceability of contract to acquire shares (1) A contract with a company providing for the acquisition by the company of shares in the company is specifically enforceable against the company, except to the extent that the company cannot perform the contract without thereby being in breach of the provisions of section […]
Section 187 Companies and Allied Matters Act (CAMA) 2020
Section 187 CAMA 2020 Limit on number of shares acquired (1) A company shall not hold more than 15% of the nominal value of the issued share capital of any class of its shares as treasury shares. (2) Where a company buys back more than 15% of the issued share capital of any class of […]
Section 186 Companies and Allied Matters Act (CAMA) 2020
Section 186 CAMA 2020 Persons from who shares can be bought back A company may buy back its shares— (a) from the existing shareholders or security holders on a proportionate basis ;(b) from the existing shareholders in a manner permitted pursuant to a scheme of arrangement sanctioned by the court ; (c) from the open […]
Section 185 Companies and Allied Matters Act (CAMA) 2020
Section 185 CAMA 2020 Payment for share buyback Where a company buys back its shares, payment for the share buyback shall be made from the distributable profits of the company.
Section 184 Companies and Allied Matters Act (CAMA) 2020
Section 184 CAMA 2020 Acquisition by a company of its own shares (1) A limited liability company may purchase its own shares including redeemable shares provided that— (a) a company may only purchase its own shares if so permitted by its articles ;(b) the shareholders shall, by special resolution, approve the acquisition by the company […]
Section 183 Companies and Allied Matters Act (CAMA) 2020
Section 183 CAMA 2020 Prohibition of financial assistance by company for acquisition of its shares (1) In this section— (a) “financial assistance” means a gift, guarantee, any form of security or indemnity, a loan or any form of credit or any other financial assistance given by a company, the net assets of which are thereby […]
United Nations Security Council Resolution 182 – Question relating to the policies of apartheid of the Government of the Republic of South Africa
182 (1963). Resolution of 4 December 1963 The Security Council, Having considered the race conflict in South Africa resulting from the policies of apartheid of the Government of the Republic of South Africa, Recalling previous resolutions of the Security Council and of the General Assembly which have dealt with the racial policies of the Government […]
United Nations Security Council Resolution 181 – Question relating to the policies of apartheid of the Government of the Republic of South Africa
United Nations Security Council Resolution 181 – Question relating to the policies of apartheid of the Government of the Republic of South Africa 181 (1963). Resolution of 7 August 1963 The Security Council, Having considered the question of race conflict in South Africa resulting from the policies of apartheid of the Government of the Republic […]
United Nations Security Council Resolution 180 – Question relating to Territories under Portuguese administration
United Nations Security Council Resolution 180 – Question relating to Territories under Portuguese administration 180 (1963). Resolution of 31 July 1963 The Security Council, Having examined the situation in the Territories under Portuguese administration as submitted by the thirty-two African Member States, Recalling its resolution 163 (1961) of 9 June 1961 and General Assembly resolutions […]