P. U. (A) 391/98 COMPANIES (AMENDMENT) (NO.2) REGULATIONS 1998
Regulation 5. Amendment of regulation 18D.
Regulation 18D of the principal Regulations is amended-
(a) by substituting for the words "in accordance with subsection 67A(3) of the Act" the words "or retained in treasury, and where the treasury shares are sold, cancelled or distributed as share dIvidends to share-holders";
(b) by inserting after the words "within 3 days of the buy back" the words ", sale, cancellation or distribution, as the case may be,"; and
(c) by inserting after the words "as a result of the buy back" the words ", sale, cancellation or distribution, as the case may be".