WebOct 16, 2024 · Section 260A (1) provides that a company may financially assist a person to acquire shares in the company only if giving the assistance does not materially prejudice the interests of the company... Web- Section 260A of the Corporation Act states a company is generally prohibited from giving financial assistance for the acquisition of its own shares. - Section 187 of the Corporation Act protects the corporate veil between trustee companies and their directors.
Corporations Bill 2001 – Parliament of Australia
http://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s260d.html WebJul 21, 2024 · The following is the Hon’ble Supreme Court Judgement on the issue of Substantial Question of Law u/s 260A of the Income Tax Act , 1961Bottom of Form. Supreme Court of India. M. Janardhana Rao vs Joint Commissioner Of Income Tax on 28 January, 2005. Author: A Pasayat. Bench: Ruma Pal, Arijit Pasayat, C.K. Thakker. CASE … tropiclean fresh breath drops for dogs
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WebCORPORATIONS ACT 2001 - SECT 260A (1) A company may financially assist a person to acquire shares (or units of shares) in the company or a holding company of the company only if: (a) giving the assistance does not materially prejudice: (i) the interests of the company or its shareholders; or (ii) the company 's ability to pay its creditors; or (b) WebCORPORATIONS ACT 2001 - SECT 260D. Consequences of failing to comply with section 260A. (1) If a company providesfinancial assistance in contravention ofsection 260A: (a) … WebAn electronic version of this Act is available on the Federal Register of Legislation ( www.legislation.gov.au) Helpful information Text of bill First reading: Text of the bill as introduced into the Parliament Third reading: Prepared if the bill is amended by the house in which it was introduced. tropiclean hypoallergenic gentle coconut