TMI BlogProhibition for buy-back in certain circumstances.X X X X Extracts X X X X X X X X Extracts X X X X ..... 070. (1) No company shall directly or indirectly purchase its own shares or other specified securities (a) through any subsidiary company including its own subsidiary companies; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e thereon to any financial institution or banking company: Provided that the buy-back is not prohibited, if the default is remedied and a period of three years has lapsed afte ..... X X X X Extracts X X X X X X X X Extracts X X X X
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