1.what is the purpose of the restrictions on share capital reductions and buy backs? 2.Exactly what conduct does S259Aand B prohibit?…

1.what is the purpose of the restrictions on share capital reductions and buy backs?

2.Exactly what conduct does S259Aand B prohibit? Are there any exceptions?

3.What consequences flow from a breach of S259A and B

4.What is a share capital reduction ?Give as many examples as you can

5.What share capital reductions are authorized by ss258A-258E?

6.Considering SS256 Band 256D ,what requirements apply to share capital reductions that are not otherwise authorised?

7.What factors would make a reduction fair and reasonable?

8.What different types of reductions are there,and what procedures apply