Company: TOP
Filing Date: 2025-04-30
Form Type: POS AM
Source: 0001213900-25-037641
Chunk: 51

Company: TOP Financial Group Ltd
Filing Date: 2025-04-30
Form: POS AM
Chunk 51
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such shareholders at least one month prior to the specified time of payment. The Class A ordinary shares and Class B ordinary shares
that have been called upon and remain unpaid are subject to forfeiture.

Redemption, Repurchase and Surrender of Ordinary Shares

Subject to the provisions of our amended and
restated memorandum and articles of association, we may issue shares on terms that such shares are subject to redemption, at our option,
on such terms and in such manner as may be determined, before the issue of such shares, by our board of directors or by a special resolution
of our shareholders. The Companies Act and our amended and restated memorandum and articles of association permits us to purchase
our own shares, subject to certain restrictions and requirements. Subject to the Companies Act, our amended and restated memorandum and
articles of association and to any applicable requirements imposed from time to time by the Nasdaq, the U.S. Securities and Exchange
Commission, or by any other recognized stock exchange on which our securities are listed, we may purchase our own shares (including any
redeemable shares) on such terms and in such manner as been approved by the directors or by an ordinary resolution of our shareholders.
Under the Companies Act, the repurchase of any share may be paid out of our Company’s profits, or out of the share premium account,
or out of the proceeds of a fresh issue of shares made for the purpose of such repurchase, or out of capital. If the repurchase proceeds
are paid out of our Company’s capital, our Company must, immediately following such payment, be able to pay its debts as they fall
due in the ordinary course of business. In addition, under the Companies Act, no such share may be repurchased (1) unless it is fully
paid up, and (2) if such repurchase would result in there being no shares outstanding other than shares held as treasury shares. The
repurchase of shares may be effected in such manner and upon such terms as may be authorized by or pursuant to the Company’s articles
of association. If the articles do not authorize the manner and terms of the purchase, a company shall not repurchase any of its own
shares unless the manner and terms of purchase have first been authorized by a resolution of the company. In addition, under the Companies
Act and our amended and restated memorandum and articles of association, our Company may accept the surrender of any fully paid share
for no consideration unless, as a result of the surrender, the surrender would