3. Which of the following is not required for a company to exercise an equal acc

Question

3. Which of the following is not required for a company to exercise an equal access buy-back scheme? a. An ordinary resolution where the company proposes to buy back more than 10 per cent of their shares within a 12-month period b. Notice of the buy-back that includes the terms of the offer lodged with ASIC regardless of whether the company proposes to buy back more than 10 per cent of their shares within a 12-month period. c. A special resolution where the company proposes to buy back more than 10 per cent of their shares within a 12-month period. d. Cancellation of the shares upon transfer pursuant to the buy-back.

Explanation / Answer

A special resolution where the company proposes to but back more than 10 percent of their shares within a 12 month is not required. Only an ordinary resolution is required for such condition. Option C is correct

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