What Approval Is Required Under the Corporations Act 2001 If

question 17

Multiple Choice

What approval is required under the Corporations Act 2001 if a company wishes to buy back its own shares?

• A) Shareholders' approval is required if more than 5% of the shares are to be bought over a 12 month period
• B) Shareholders' approval is required if more than 10% of the shares are to be bought over a 12 month period
• C) Shareholders' approval is required for all buy-backs
• D) None of the above

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Definitions:

Ku Klux Klan

A white supremacist hate group in the United States known for promoting racism, anti-Semitism, and violence against African Americans and other minority groups.

Sexual Assault

Any non-consensual sexual contact or behavior, a serious crime that can have profound psychological effects on the survivor.

Jim Crow

Refers to the state and local laws in the United States, particularly in the South, that enforced racial segregation and discrimination against African Americans from the late 19th through the mid-20th century.

Massive Migration

Large-scale movements of people from one geographical area to another, often due to factors like war, famine, persecution, or economic opportunity.