Register of securities bought back best cs books notes
After completion of buyback, a company shall maintain a register of the securities/shares so bought and enter therein the following particulars
- The consideration paid for the securities bought-back,
- The date of cancellation of securities,
- The date of extinguishing and physically destroying of securities and
- Such other particulars as may be prescribed
Where a company buys-back its own securities, it shall extinguish and physically destroy the securities so bought-back within seven days of the last date of completion of buy-back.