Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees

Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees https://www.taxtmi.com/acts?id=18500 Company funding for employee share purchases is permitted only if approved by members via a special resolution, purchases of listed shares occur through a recognised stock exchange, unlisted share valuations are by a registered valuer, aggregate company funding is capped relative to paid up capital and free reserves, trustees are subject to eligibility restrictions, and the explanatory statement and the Board's report must include prescribed particulars about beneficiaries, trustees, interests, benefits and the exercise of voting rights. en-us Wed, 02 Apr 2014 13:33:14 +0530 Thu, 19 Feb 2026 11:24:39 +0530 TaxTMI RSS Generator Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees https://www.taxtmi.com/acts?id=18500 Company funding for employee share purchases is permitted only if approved by members via a special resolution, purchases of listed shares occur through a recognised stock exchange, unlisted share valuations are by a registered valuer, aggregate company funding is capped relative to paid up capital and free reserves, trustees are subject to eligibility restrictions, and the explanatory statement and the Board's report must include prescribed particulars about beneficiaries, trustees, interests, benefits and the exercise of voting rights. Act-Rules Companies Law Wed, 02 Apr 2014 13:33:14 +0530 https://www.taxtmi.com/acts?id=18500