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of <h1>Companies must deposit buy-back funds in a special account and pay shareholders within seven days, per Buy-back Rules 1999.</h1> The Companies Law mandates that after closing a buy-back offer, a company must open a special bank account to deposit the total amount due for the buy-back. Within seven days of the specified time, the company is required to pay the consideration to shareholders whose offers were accepted, either in cash or through a bank draft/pay order, or promptly return the share certificates to the shareholders. These rules apply to both Private Limited Companies and Unlisted Public Limited Companies under the Buy-back of Securities Rules, 1999.
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