The companies are permitted to buy$-$back their own shares out of

 $($a$)$ Free reserves and Securities premium $$

$($b$)$ Proceeds of the issue of any shares.

 $($c$)$ Both $($a$)$ and $($b$)$

$($d$)$ Neither $($a$)$ nor $($b$).$ 

Answer rating: 100% (QA)

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