Extinguishment of certificate

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....atutory Auditor within fifteen days of the date of acceptance of the shares or other specified securities: Provided that the company shall ensure that all the securities bought - back are extinguished within seven days of the last date of completion of buy - back.] (2) The 2[shares or other specified securities] offered for buy-back if already dematerialised shall be extinguished and destroyed i....

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....culars of the security certificates extinguished and destroyed under sub-regulation (1), to the stock exchanges where the shares of the company are listed on a monthly basis by the seventh day of the month succeeding the month in which the securities certificates are extinguished and destroyed.] (5) The company shall maintain a record of 5[security certificates] which have been cancelled and dest....

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.... "specified securities" appearing at the end, after the words "acceptance of the", were substituted for the word "shares" by the SEBI (Buy-back of Securities) (Amendment) Regulations, 1999, w.e.f. 21-09-1999. 2 Substituted by the SEBI (Buy-back of Securities) (Amendment) Regulations, 2004 w.e.f. 18-06-2004 for the words "specified securities", which had earlier been substituted for the word "shar....

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.... security certificates extinguished and destroyed under sub-regulation (1) shall be furnished to the stock exchanges where the specified securities of the company are listed within seven days of extinguishment and destruction of the certificates." In the above substituted sub-regulation (1): the words "security certificates" appearing after the words "particulars of the" and before the word "exti....