Appropriate remedial action under Rule 1D of W.T.Rules.

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....es the mode of valuation of the market value of unquoted equity shares of companies other than investment companies, and managing agency companies. In respect of cases where the companies have not paid dividend continuously for 6 years or more accounting years ending on or before the valuation date a discount of 25 per cent is allowed (Rule ID proviso). The scope of the proviso as well as Explanat....