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 S259 A 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?