Section 302

It does not matter whether the company calls the acquisition of its stock a redemption.

Section 302. 302 only applies when a corporation redeems its stock. Cbi could add section 302 murder charge in sushant singh rajput case. In a big development in the sushant singh rajput death case as far as the investigation is concerned the central bureau of investigation cbi probing the case is considering to add section 302 of the ipc murder in the case top sources said.

Considering it as a big development the ms dhoni. This comes as the cbi is set to begin its second leg. In this context a redemption occurs when a company acquires some or all of its stock from shareholders in exchange for property.

The essence of section 302 of the sarbanes oxley act states that the ceo and cfo are directly reponsible for the accuracy documentation and submission of all financial reports as well as the internal control structure to the sec. The amendments made by this section amending this section and sections 306 312 331 334 336 341 346 543 and 562 of this title and repealing section 338 of this title shall apply to distributions after august 31 1982. Section 302 of the code defines the distribution as substantially disproportionate if the percentage of the voting stock owned by a shareholder and attributed by section 318 to that shareholder after the redemption is less than 80 of that percentage owned before the redemption.

Sources cnnnews18 bollywooddrugstrail justiceforsushant watch all the current latest and. It is reported that cbi will add the murder charge to the fir in ssr s case. Here is the direct excerpt from the sarbanes oxley act of 2002 report.