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What is the procedure for cancelling shares?"

By IndianMoney , 8 months ago

1)Check the company's Articles of Association whether it provides a provision authorizing it to cancel it's shares. 2)Issue a notice in accordance with the provisions for a board of directors (BOD) meeting. 3)Inform the STOCK EXCHANGE about this (in case shares are listed), at least 2 days before the Board meeting. 4)Issue notice for General Meeting to every member of the company, Directors and auditor. 5) E-form Filing.

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