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After buy-back, the company must maintain a register containing details such as:
AOnly the consideration paid
BSecurities bought, consideration paid, date of cancellation, date of physical destruction
COnly the names of sellers
DOnly the share certificates
Answer & Solution
Correct answer: B. Securities bought, consideration paid, date of cancellation, date of physical destruction
1. Step 1: Sec 68(10) mandates a register with full particulars of securities bought, consideration, cancellation, destruction.
2. Step 2: This is a permanent record.
3. Step 3: Hence (A).
_Source: ICAI BoS CA Inter Paper 1, Ch 12 "Buy-Back of Securities"_