Securities ineligible for minimum promoters’ contribution

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Full Text of the Document

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....ies shall not be eligible: (a) specified securities acquired during the preceding three years, if these are: i) acquired for consideration other than cash and revaluation of assets or capitalisation of intangible assets is involved in such transaction; or ii) resulting from a bonus issue by utilisation of revaluation reserves or unrealised profits of the issuer or from b....