The retaining and balance sheet reporting of a company’s own shares  Cover Image
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Въпроси на запазването и балансовото отчитане на придобитите собствени акции
The retaining and balance sheet reporting of a company’s own shares

Author(s): Alexander Alexandrov
Subject(s): Law, Constitution, Jurisprudence
Published by: Институт за държавата и правото - Българска академия на науките

Summary/Abstract: FINANCIAL LAW // The article addresses the advantages and disadvantages for public limited companies when they retain their acquired own shares. The author discusses the various arguments in favor of both views - for and against the assumption of each. He also explores the character of the acquired own shares in relation to balance sheet structure and content as well as the legal aspects of the different approaches to company’s own shares accounting in step with National Accounting Standards and International Accounting Standards. The method of accounting is crucial as it may create risks for the company, its creditors, shareholders and prospective investors alike. All these groups could be misled through the use of different ways of accounting and the resultant incorrect information about the financial position of the company. The article analyzes both the specific hazards that the different methods of accounting of acquired own shares may bring about, as well as the protective measures that the Commercial Code provides to avoid these dangers.

  • Issue Year: LIII/2012
  • Issue No: 2
  • Page Range: 19-34
  • Page Count: 16
  • Language: Bulgarian