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Revised scedule vi

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(Querist)
29 June 2012 whether redumption of preference shares will be considered as shares bought back for the purpose of disclosure relating to share capital in terms of revised schedule VI.
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CA UMESHKUMAR R. ACHARYA

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CA UMESHKUMAR R. ACHARYA (Expert)
03 July 2012
Redemption of Preference Shares are not buy back of Shares.

However redemption of preference shares are required to be disclosed in revised schedule.

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