Extinguishment certificate
Share certificates representing bought-back shares are destroyed, with a certificate to that effect signed by the Registrar of the issue, the secretarial auditor and the directors of the company submitted to SEBI.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series II-A← All terms