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When shares are bought back by a company, what must be done with the bought back shares according to statutory requirements?
They can be kept as treasury shares by the company
They may be reissued to new investors by the company
They are transferred to company investments
They must be cancelled and not reissued by the company
They must be cancelled and not reissued by the company
Practice and solve "When shares are bought back by a company, what must be done with the bought back shares according to..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option D: They must be cancelled and not reissued by the company. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "When shares are bought back by a company, what must be done with the bought back shares according to..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option D: They must be cancelled and not reissued by the company. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.