AdvertisementCan a Private Limited Company Hold Treasury Stock in India? Section 67(2) already carves out private companies from parts of this restriction, and the MCA has separately exempted a wider class of private companies by notification (discussed below). Exemptions / RelaxationsSection 67 exemption for eligible private companies , by MCA Notification dated 5 June 2015 (G.S.R. No exemption from Section 68(7) , confirmed on checking the private company, Section 8 company, Small Company, OPC, and Specified IFSC company exemption notifications: none of them relaxes the extinguishment-within-seven-days requirement for any class of company. FAQsCan any private company in India legally hold treasury stock?