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A selective share buy-back involves a reduction in capital, and as such the company must comply with Part 2J.1 of the Corporations Act (Cth) before proceeding with the transaction.
In this article we look at the process for selling shares in private companies, as well as the key differences between share sales and share buy-backs.
A company may only financially assist a person acquire shares in the company if the company complies with Part 2J.3 of the Corporations Act 2001 (Cth) before proceeding with the transaction.
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Sydney NSW 2000
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