Which of the following conditions is NOT required for a buyback of shares?

In the context of share buybacks, several conditions must be met to ensure compliance with legal and regulatory frameworks, but unanimous shareholder consent is not one of them.

When a company decides to buy back its shares, it typically needs to adhere to regulations laid out in its articles of association, which would outline whether or not share buybacks are permissible. This is fundamental, as the articles define the rules governing the company's operations.

Additionally, a special resolution is generally required to authorize the buyback. This means that a significant majority of shareholders must vote in favor of the resolution. The purpose of this requirement is to ensure that such a decision reflects broad shareholder support.

Furthermore, in many jurisdictions, courts may need to approve the buyback as a protective measure for creditors and minority shareholders, ensuring that the company will remain solvent after the repurchase of shares.

In contrast, unanimous consent from shareholders is not a standard requirement for a buyback. Typically, a simple or special majority is sufficient. This distinction is important because requiring unanimous consent could create significant hurdles for companies wishing to execute a share buyback, effectively making it impractical in most situations.