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Prohibition of purchase or grant of financial assistance by a company for purchase of its own or its holding company’s shares

(1) No company shall have power to buy its own shares or the shares of its holding company. (2) No company limited by shares, other than a private company, not being a subsidiary of a public company, shall give, whether directly or indirectly, and whether by means of a loan, guarantee, the provision of security or otherwise, any financial as...

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