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2001 (12) TMI 888 - Board - Companies LawExtract: .......or appointment of an independent valuer in case the respondents choose the option of purchasing the shares held by the Chawlas. The purchase could be either by the Ahujas or by the company. In the latter case, the company would be permitted to reduce the share capital to the extent of the face value of the shares in terms of Section 402 of the Act.
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