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Share Buybacks A company may “buyback” its shares from shareholders in accordance with terms laid down in the Companies Act 2006. However, there has been a recent change (with effect on 30th April 2013) in the procedure for effecting share buybacks implemented with a view to simplifying the procedure. Where the procedure is not adhered to, any purported buyback will be deemed void. This note will comment only on the buyback procedure, past and present, for private limited companies.
In the event that your customer becomes a debtor, the more relevant information you have the better your prospects of making a recovery. This article aims to highlight information which you should if possible gather in respect of customers and illustrate why that information is important if you require to instruct an agent to pursue debt on your behalf.