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Indication below marksheets

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(Querist)
08 August 2011 " '<' indicates passed under regulation 38A(2)(b) "
can any 1 tell me what is the meaning of this which we can see below our marksheet.
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
08 August 2011 that is pass as per rule under 38A(2)(b) which say req. pass % - 50% and per Subject 40%

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