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ADGM LEGAL FRAMEWORK

  • ABU DHABI GLOBAL MARKET
    • FEDERAL LAW NO (8) OF 2004
    • FEDERAL DECREE NO (15) OF 2013
    • CABINET RESOLUTION NO (4) OF 2013
    • CABINET RESOLUTION NO. 28 OF 2007
    • ABU DHABI LAW NO. (4) OF 2013
    • ABU DHABI LAW NO. (12) OF 2020
    • ADGM LEGAL FRAMEWORK
      • COMMERCIAL LEGISLATION
        • Regulations
          • Application of English Law Regulations
          • Beneficial Ownership and Control Regulations
          • Commercial Licensing Regulations
          • Companies Regulations
            • Companies Regulations 2020
              • PART 1 General Introductory Provisions
              • PART 2 Company Formation
              • PART 3 A Company's Constitution
              • PART 4 A Company's Capacity And Related Matters
              • PART 5 A Company's Name
              • PART 6 A Company's Registered Office
              • PART 7 Re-Registration And Continuance
              • PART 8 A Company's Members
              • PART 9 Exercise Of Members’ Rights
              • Part 10 A Company's Directors
              • Part 11 Derivative Claims And Proceedings By Members
              • Part 12 Company Secretaries
              • PART 13 Resolutions And Meetings
              • PART 14 Accounts and Reports
              • PART 15 Audit
              • PART 16 A Company’s Share Capital
              • Part 17 PART 17 Acquisition By Limited Company Of Its Own Shares
                • Chapter 1 General Provisions
                • Chapter 2 Financial Assistance For Purchase Of Own Shares
                • Chapter 3 Redeemable Shares
                • Chapter 4 Purchase Of Own Shares
                  • General Provisions
                  • Authority For Purchase Of Own Shares
                  • Authority For Off-market Purchase
                  • Authority For Market Purchase
                    • 641. Authority for market purchase
                    • 642. Copy of contract or memorandum to be available for inspection
                    • 643. Enforcement of right to inspect copy or memorandum
                    • 644. No assignment of company’s right to purchase own shares
                    • 645. Payments apart from purchase price to be made out of distributable profits
                    • 646. Treatment of shares purchased
                    • 647. Return to Registrar of purchase of own shares
                    • 648. Notice to Registrar of cancellation of shares
                • Chapter 5 Redemption Or Purchase By Private Company Out Of Capital
                • Chapter 6 Treasury Shares
                • Chapter 7 Supplementary Provisions
              • PART 18 Debentures
              • PART 19 Private And Public Companies
              • PART 20 Certification And Transfer Of Securities
              • PART 21 Information About Interests In A Company's Shares
              • PART 22 Distributions
              • PART 23 Annual Confirmation Of A Accuracy Of Information On The Register
              • PART 24 Company Charges
              • PART 25 Arrangements And Reconstructions
              • PART 26 Mergers And Divisions
              • PART 27 Fraudulent Trading
              • PART 28 Protection Of Members Against Unfair Prejudice
              • PART 29 Dissolution And Restoration To The Register
              • PART 30 Investigation Of Companies And Their Affairs
              • PART 31 The Registrar Of Companies
              • PART 32 Contraventions Under The Companies Regulations
              • PART 33 Companies: Company Records And Supplementary Provisions
              • PART 34 Companies: Interpretation
              • PART 35 Auditors
              • PART 36 Cell Companies
              • PART 36A Investment Companies
              • PART 37 General Supplementary Provisions
              • PART 38 Final Provisions
              • Abu Dhabi Global Market Companies Regulations Schedules
            • Companies (Amendment No. 1) Regulations 2020
            • Companies Regulations (Amendment no. 1) 2021
            • Companies Regulations (Amendment no. 2) 2021
            • Companies Regulations (Amendment no. 3) 2021
            • Companies Regulations (Amendment No. 1) 2022
          • Data Protection Regulations
          • Electronic Transactions Regulations
          • Employment Regulations
          • Foundations Regulations
          • Insolvency Regulations
          • Interpretation Regulations
          • Limited Liability Partnerships Regulations
          • Off-Plan Sales Register Regulations
          • Real Property Regulations
          • Strata Title Regulations
          • Takeover Regulations
          • Trusts Regulations
        • Rules
        • Repealed Legislation
      • FSRA LEGISLATION
      • ADGM COURTS LEGISLATION
      • ARBITRATION LEGISLATION
    • ADGM COURTS PROCEDURES
    • GUIDANCE & POLICY STATEMENTS
    • PUBLIC CONSULTATION PAPERS
    • NOTICES OF PUBLICATION
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  1. ABU DHABI GLOBAL MARKET
  2. ADGM LEGAL FRAMEWORK
  3. COMMERCIAL LEGISLATION
  4. Regulations
  5. Companies Regulations
  6. Companies Regulations 2020
  7. PART 17 Acquisition By Limited Company Of Its Own Shares
  8. Chapter 4 Purchase Of Own Shares
  9. Authority For Market Purchase
  10. 644. No assignment of company’s right to purchase own shares
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  • Apr 29 2020 - Apr 28 2020
  • Apr 29 2020
‹ 643. Enforcement of right to inspect copy or memorandum 645. Payments apart from purchase price to be made out of distributable profits ›

644. No assignment of company’s right to purchase own shares

The rights of a company under a contract authorised under-
(a) section 633 (authority for off-market purchase for the purposes of or pursuant to an employees’ share scheme),
(b) section 634 (authority for off-market purchase), or
(c) section 641 (authority for market purchase)
are not capable of being assigned.
‹ 643. Enforcement of right to inspect copy or memorandum 645. Payments apart from purchase price to be made out of distributable profits ›
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