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of <h1>Company Share Buyback: Transfer Nominal Value to Capital Redemption Reserve as per Section 77AA, Companies Act, 1956</h1> When a company buys back its own shares using free reserves, it must transfer an amount equal to the nominal value of the purchased shares to the capital redemption reserve account. This requirement is outlined in Section 77AA of the Companies Act, 1956. The transfer details must be disclosed in the company's balance sheet.
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