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Applicability of Section 80

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(Querist)
08 May 2009 Kindly suggest whether Section 80 (POWER TO ISSUE REDEEMABLE PREFERENCE SHARES)of Companies Act,1956 applies to Private companies or not ??
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
08 May 2009 At bare reading of section, Yes, it would be applicable.

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