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    <title>Clarification on provisions of Section 224A of the Companies Act, 1956</title>
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    <description>The Department of Company Affairs concludes that the three sub-clauses identifying institutional holders are not mutually exclusive and that holdings by institutions described in those clauses must be aggregated in any combination to determine applicability of the special resolution requirement for appointment or re-appointment of auditors when the institutional holding meets the prescribed threshold.</description>
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    <pubDate>Mon, 16 Jul 2001 00:00:00 +0530</pubDate>
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      <title>Clarification on provisions of Section 224A of the Companies Act, 1956</title>
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      <description>The Department of Company Affairs concludes that the three sub-clauses identifying institutional holders are not mutually exclusive and that holdings by institutions described in those clauses must be aggregated in any combination to determine applicability of the special resolution requirement for appointment or re-appointment of auditors when the institutional holding meets the prescribed threshold.</description>
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      <pubDate>Mon, 16 Jul 2001 00:00:00 +0530</pubDate>
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