Which of the following statements regarding treasury shares is correct?
A、Only public limited companies may create treasury shares B
A、company may exercise voting rights on its treasury shares
C、Treasury shares may be reissued for cash without the usual issuing formalities
A、Only public limited companies may create treasury shares B
A、company may exercise voting rights on its treasury shares
C、Treasury shares may be reissued for cash without the usual issuing formalities
【参考答案及解析】
Any limited company may create treasury shares by purchasing its own shares for cash or out ofdistributable profit. It cannot exercise voting rights attaching to the shares, but may re-issue them forcash without the usual issuing formalities.
Any limited company may create treasury shares by purchasing its own shares for cash or out ofdistributable profit. It cannot exercise voting rights attaching to the shares, but may re-issue them forcash without the usual issuing formalities.