Section 186 CAMA 2020

Persons from who shares can be bought back

A company may buy back its shares—

(a) from the existing shareholders or security holders on a proportionate basis ;
(b) from the existing shareholders in a manner permitted pursuant to a scheme of arrangement sanctioned by the court ;

(c) from the open market ; and
(d) by purchasing the securities issued to employees of the company pursuant to a scheme of stock option or any other similar scheme.