What is the maximum number of shares that can be acquired during a market purchase?

In a market purchase, the maximum number of shares that can be acquired is determined by the specific parameters set forth in the corporate resolution that authorizes the purchase. This resolution is essential as it defines the exact limit on the number of shares that may be purchased, ensuring that the organization stays within its financial and strategic boundaries.

The reasoning behind this choice is rooted in corporate governance principles, aiming to provide clarity and control over stock transactions. Without such limitations set in a resolution, a company could potentially overextend itself financially or disrupt the share market, impacting existing shareholders and the overall stability of the company.

In contrast, while the total number of issued shares and all available shares may sound relevant, they do not take into account the necessary decision-making authority that lies in corporate resolutions. Similarly, stating that there is no limit does not align with the requirements for responsible corporate management and compliance with regulations and shareholder rights. Thus, the correct answer highlights the importance of governance in determining the scope of market purchases.