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<h1>Buy-back prohibition: companies barred from repurchasing own shares via subsidiaries or investment firms amid specified payment defaults.</h1> Companies are prohibited from directly or indirectly purchasing their own shares or other specified securities through subsidiaries or investment companies, and while specified payment defaults-such as unpaid deposits, debenture or preference-share redemptions, dividends, or term-loan obligations-are subsisting. Prior statutory compliance with related provisions is a prerequisite to effecting any buy-back.