All sections · Part V: Shares · Sub-Part V: Redemption and purchase of own shares
73 公司可以赎回或购买自己的股票
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) 在不违反第70条和第71条的情况下，公司可以按照以下规定持有库藏股
(a) 第74、75和76条；或
(b) 公司章程或公司与有关股东之间的书面协议中可能规定的关于赎回、购买或以其他方式获得库藏股的其他规定。
公司可以赎回或购买自己的股票。
(2) 如果公司可以不按照第74、75和76条的规定赎回、购买或以其他方式收购自己的股份，那么未经股份被赎回、购买或以其他方式收购的成员同意，公司不得赎回、购买或以其他方式收购股份，除非公司根据章程大纲或细则有权在没有这种同意的情况下购买、赎回或以其他方式收购股份。
(3) 除非按照第78条的规定将股份作为库藏股持有，否则公司获得的股份应被视为在取消、购买或以其他方式获得时立即取消。
(4) 如果赎回的结果是公司没有成员，则公司不得赎回其股份。
(5) 除非股份已全部缴清，否则公司不得赎回。
(6) 如果第74、75和76条被公司与股东之间的书面协议（在本款中称为 "赎回协议"）中所列的有关赎回、购买或以其他方式收购库藏股的规定所废除或修订，并且赎回协议与公司的组织章程大纲和章程细则之间在赎回、购买或以其他方式收购库藏股方面存在不一致的地方，这种不一致的情况应按以下方式解决--。
(a) 如果赎回协议包含一个条款，表明如果赎回协议与公司的组织大纲和条款不一致，则以赎回协议为准。
(b) 如果赎回协议不包含以赎回协议为准的规定，在与本公司的组织大纲和章程不一致的情况下，以组织大纲和章程为准。
(a) 第74、75和76条；或
(b) 公司章程或公司与有关股东之间的书面协议中可能规定的关于赎回、购买或以其他方式获得库藏股的其他规定。
公司可以赎回或购买自己的股票。
(2) 如果公司可以不按照第74、75和76条的规定赎回、购买或以其他方式收购自己的股份，那么未经股份被赎回、购买或以其他方式收购的成员同意，公司不得赎回、购买或以其他方式收购股份，除非公司根据章程大纲或细则有权在没有这种同意的情况下购买、赎回或以其他方式收购股份。
(3) 除非按照第78条的规定将股份作为库藏股持有，否则公司获得的股份应被视为在取消、购买或以其他方式获得时立即取消。
(4) 如果赎回的结果是公司没有成员，则公司不得赎回其股份。
(5) 除非股份已全部缴清，否则公司不得赎回。
(6) 如果第74、75和76条被公司与股东之间的书面协议（在本款中称为 "赎回协议"）中所列的有关赎回、购买或以其他方式收购库藏股的规定所废除或修订，并且赎回协议与公司的组织章程大纲和章程细则之间在赎回、购买或以其他方式收购库藏股方面存在不一致的地方，这种不一致的情况应按以下方式解决--。
(a) 如果赎回协议包含一个条款，表明如果赎回协议与公司的组织大纲和条款不一致，则以赎回协议为准。
(b) 如果赎回协议不包含以赎回协议为准的规定，在与本公司的组织大纲和章程不一致的情况下，以组织大纲和章程为准。
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Company may redeem or purchase its own shares
(1) Subject to sections 70 and 71, a company may redeem, purchase or
otherwise acquire its own shares in accordance with —
(a) sections 74, 75 and 76; or
(b) such other provisions for the redemption, purchase or other
acquisition of its own shares as may be specified in its
memorandum or articles or in a written agreement between the
company and the or each affected shareholder.
(2) Where a company may redeem, purchase or otherwise acquire its own
shares otherwise than in accordance with sections 74, 75 and 76, it may not
redeem, purchase or otherwise acquire the shares without the consent of
the member whose shares are to be redeemed, purchased or otherwise
acquired, unless the company is permitted by the memorandum or articles
to purchase, redeem or otherwise acquire the shares without that consent.
(3) Unless the shares are held as treasury shares in accordance with section 78,
any shares acquired by a company are deemed to be cancelled immediately
on redemption, purchase or other acquisition.
(4) A company shall not redeem its shares if, as a result of the redemption, the
company would have no members.
(5) A company shall not redeem a share unless it is fully paid.
(6) Where sections 74, 75 and 76 are negated or modified by provisions for the
redemption, purchase or other acquisition of a company‘s own shares
specified in a written agreement between the company and a shareholder
(in this subsection referred to as a „Redemption Agreement“) and there is
any inconsistency between the Redemption Agreement and the company‘s
memorandum and articles in relation to the redemption, purchase or other
acquisition of a company‘s own shares, such inconsistency shall be
resolved as follows —
(a) if the Redemption Agreement includes a term to the effect that the
Redemption Agreement shall prevail to the extent of any
inconsistency with the company‘s memorandum and articles, the
Redemption Agreement shall prevail; and
(b) if the Redemption Agreement does not includes a term to the effect
that the Redemption Agreement shall prevail to the extent of any
inconsistency with the company‘s memorandum and articles, the
company‘s memorandum and articles shall prevail.
otherwise acquire its own shares in accordance with —
(a) sections 74, 75 and 76; or
(b) such other provisions for the redemption, purchase or other
acquisition of its own shares as may be specified in its
memorandum or articles or in a written agreement between the
company and the or each affected shareholder.
(2) Where a company may redeem, purchase or otherwise acquire its own
shares otherwise than in accordance with sections 74, 75 and 76, it may not
redeem, purchase or otherwise acquire the shares without the consent of
the member whose shares are to be redeemed, purchased or otherwise
acquired, unless the company is permitted by the memorandum or articles
to purchase, redeem or otherwise acquire the shares without that consent.
(3) Unless the shares are held as treasury shares in accordance with section 78,
any shares acquired by a company are deemed to be cancelled immediately
on redemption, purchase or other acquisition.
(4) A company shall not redeem its shares if, as a result of the redemption, the
company would have no members.
(5) A company shall not redeem a share unless it is fully paid.
(6) Where sections 74, 75 and 76 are negated or modified by provisions for the
redemption, purchase or other acquisition of a company‘s own shares
specified in a written agreement between the company and a shareholder
(in this subsection referred to as a „Redemption Agreement“) and there is
any inconsistency between the Redemption Agreement and the company‘s
memorandum and articles in relation to the redemption, purchase or other
acquisition of a company‘s own shares, such inconsistency shall be
resolved as follows —
(a) if the Redemption Agreement includes a term to the effect that the
Redemption Agreement shall prevail to the extent of any
inconsistency with the company‘s memorandum and articles, the
Redemption Agreement shall prevail; and
(b) if the Redemption Agreement does not includes a term to the effect
that the Redemption Agreement shall prevail to the extent of any
inconsistency with the company‘s memorandum and articles, the
company‘s memorandum and articles shall prevail.
Amended since 2016
Act 32 of 2021 · 2021-08-02
13. Section 73(5) of the principal Act is amended, by repealing the
words “fully paid”, and substituting therefor the words “fully paid up, and if it
is expressly authorised by its memorandum or articles to the contrary, in which
case any redemption amount shall be paid on a pro rata basis proportionate to
the amount paid up in respect of the share”.
words “fully paid”, and substituting therefor the words “fully paid up, and if it
is expressly authorised by its memorandum or articles to the contrary, in which
case any redemption amount shall be paid on a pro rata basis proportionate to
the amount paid up in respect of the share”.
