Hi to All & happy new year
Plz tell me wat is Treasury Stocks Maintained by Company?
CA Akshay Joshi (CA) (386 Points)
02 January 2010Hi to All & happy new year
Plz tell me wat is Treasury Stocks Maintained by Company?
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 02 January 2010
Treasury stocks are the shares kept by company with itself. It may be either through repurchase form public or may represnt shares not issued. These shares dont have any dividend or voting rights.
Treasury stock can also refer to Govt. securities.