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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.

See also  Section 229 Companies and Allied Matters Act (CAMA) 2020

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