Legal system Of a stock Company purchasing its own Shares A comparative study

Abstract

This study included an important issue not addressed in the
current Iraqi legislator in the Companies Act and the former, which
represents the subject matter (the legal system for the purchase of the
company's contribution of its shares) comparative study. The who we
are through the task of Notes believe it poses a lack of legislation in
force the Companies Act No. 21 of 1997 and put the necessary
proposals that we believe the introduction of the urgent need to
address the legislative deficiencies which have been touched upon
through three sections was the first of which looks at the concept of
the process of buying the company's contribution of its shares and its
causes . While the second section has been dedicated to the study of
the process of buying the company's shares between the ban and
permitted. We looked at the scope of the principle of the ban, and
Pena exceptions to the principle of the ban. The inductor third and
last we studied the most important effects of the process of buying the
company for their shares in the event of a reduction in the company's
capital and the failure of the company to reduce its capital. The
conclusion of this study we finished our show in the results and
proposals. Walt pointed it began.