Section 532 of The Companies Act No. 17 of 2015: Treasury shares: notice of cancellation
(1) Within one month after shares held by a company as treasury shares are cancelled, the company shall lodge with the Registrar for registration a return that specifies in relation to shares of each class cancelled—
(a) the number and nominal value of the shares; and (b) the date on which they were cancelled.
(2) Subsection (1) does not apply to shares that are cancelled immediately after they are acquired by the company.
(3) Particulars of shares cancelled on different dates can be included in a single return.
(4) The company shall attach to, or enclose with, the return by a statement of capital that complies with subsection (6).
(5) A statement of capital complies with this subsection if it states with respect to the company's share capital immediately following the cancellation—
(a) the total number of shares of the company;
(b) the aggregate nominal value of those shares; (c) for each class of shares—
(i) the particulars prescribed by the regulations of the rights attached to the shares,
(ii) the total number of shares of that class; and
(iii) the aggregate nominal value of shares of that class; and
(d) the amount paid up and the amount (if any) unpaid on each share, whether on account of the nominal value of the share or in the form of a premium.
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