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2009 (10) TMI 951 - COMPANY LAW BOARDExtract: .......approach this Board for appointment of a valuer to determine the fair value of shares. While appointing a valuer, further directions relating to the date of valuation, the number of shares/share capital to be taken into account to determine the fair value and the number of shares to which the said valuation would be applicable, etc., will be given.
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