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    <description>An audit certificate from the company&#039;s statutory auditors or a practising company secretary is required for every issue of shares, warrants, convertible debentures or other convertible instruments, certifying that the proposed issue complies with the Unlisted Public Companies (Preferential Allotment) Rules, 2003; this certificate must be laid before the shareholders&#039; meeting convened to consider the proposed issue.</description>
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