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 market ; and
(d) by purchasing the securities issued to employees of the company pursuant to a scheme of stock option or any other similar scheme.
Section 47 EFCC Act 2004 Section 47 of the EFCC Act 2004 is about Short Title. This Act may be cited as the Economic and Financial Crimes Commission (Establishment,
Section 46 EFCC Act 2004 Section 46 of the EFCC Act 2004 is about Interpretation. In this Act – Interpretation “Commission” means the Economic and Financial Crimes Commission established
Section 45 EFCC Act 2004 Section 45 of the EFCC Act 2004 is about Savings. The repeal of the Act specified in section 43 of this Act shall not
Section 44 EFCC Act 2004 Section 44 of the EFCC Act 2004 is about Repeal of Act No. 5 2002. The Economic and Financial Crimes Commission (Establishment Act) No
