(1) Subject to subsection (2) and to its articles, a company may purchase or otherwise acquire shares issued by it.
(2) A company shall not make any payment to purchase or otherwise acquire shares issued by it, if there are reasonable grounds for believing that—
(a) the company is unable, or would, after that payment, be unable to pay its liabilities as they become due; or
(b) the realisable value of the company's assets would, after that payment, be less than the aggregate of its liabilities and stated capital of all classes of shares.