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

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..... 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 Explanation to Rule ID has been also stated in Board's circular .....

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