Which of the Following Is NOT a Requirement Which Must

question 39

Multiple Choice

Which of the following is NOT a requirement which must be satisfied before a company can buy back shares from its members?

• A)The share capital reduction must not materially prejudice the company's ability to pay its creditors.
• B)The share capital reduction must be approved by shareholders.
• C)The share capital reduction must be approved by the court.
• D)The share capital reduction must be fair and reasonable to the company's shareholders as a whole.

---

Definitions:

SWAT Team

A specialised unit within law enforcement agencies trained to handle high-risk operations that fall outside the abilities of regular officers.

Hostages

Individuals held captive or prisoner by others, typically to compel another party to meet certain demands.

Superstition

Beliefs or practices that are rooted in magical thinking and unscientific correlations between actions and events.

Hypatia of Alexandria

A renowned mathematician, astronomer, and philosopher of ancient Alexandria, celebrated for her intellectual achievements and tragic death.