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What Are Treasury Shares?

  Treasury shares are basically the previously outstanding shares repurchased from shareholders. The issuing company buys the stock back from the stockholders and holds it. Treasury shares are  usually recorded on the company’s balance sheet in the shareholder equity section.   In the Companies Act 2006, the chapter 6 part 18 states the updated and detailed provisions associated with holding treasury shares. Treasury stock actually came into being in the year 2003. The main purpose of this stock is to enable companies to hold shares by repurchasing the shares from existing stockholders. However, even though it was introduced in 2003, the  private limited companies  in the UK have been able to hold treasury shares since 2013. Source:  https://datagardener.com/blogs/what-are-treasury-shares/