A company must not acquire shares (or units of shares) in itself except:

(a)

in buying back shares under section 257A; or

(b)

in acquiring an interest (other than a legal interest) in fully-paid shares in the company if no consideration is given for the acquisition by the company or an entity it controls; or

(c)

under a court order; or

(d)

in circumstances covered by subsection 259B(2) or (3).