Circumstances Under Which a Company Can Acquire Its Own Shares:

1. Purchase Out of Credit Balance on the Share Deals Account:
   Despite a provision of the constitution of the company to the contrary, a company shall not purchase any of the shares of the company except where shares are only purchased out of a credit balance on the share deals account referred to in Section 65, or out of transfers to that account in the manner referred to in that section from retained earnings.
2. Redemption of Preference Shares:
   A company may redeem preference shares but is not allowed to purchase them at a price greater than the lowest price at which they are then redeemable or will be redeemable at the next date at which they are due or liable to be redeemed. The purchase is not made in breach of Section 64 of the Companies Act.