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Company buy back of shares

No bank account

Hold co has no bank account so sub will fund payment to departing shareholder in full, are there any problems with this?

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By DJKL
06th Jun 2018 11:28

So, what happened to the monies subscribed to Holdco for the issue of the shares in the first place?

Are you in effect saying sub holds all Holdco's monies and there is an intercompany sum due from sub to Holdco re same (implicit )

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By Jigs
to DJKL
06th Jun 2018 12:58

Yes, that's correct.

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