Company: TOP
Filing Date: 2025-03-14
Form Type: POS AM
Source: 0001213900-25-024160
Chunk: 52

Company: TOP Financial Group Ltd
Filing Date: 2025-03-14
Form: POS AM
Chunk 52
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 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 result in there being no shares outstanding (other than
shares held as treasury shares).

Variations of Rights of Shares

If at any time, our share capital is divided
into different classes of shares, all or any of the rights attached to any class of our shares may (unless otherwise provided by
the terms of issue of the shares of that class) be varied with the consent in writing of the holders of three-fourths of the issued shares
of that class or with the sanction of a resolution passed by at least a two-thirds majority of