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what does the term "unclassified shares" mean?

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Querist : Anonymous (Querist)
09 April 2011 what does the term "unclassified shares" mean? please explain by giving an example.

18 April 2011 Unclassified share means that shares will classified as Equity or Preference at the time of issue .


for more info link is :-

https://www.caclubindia.com/experts/reclassification-of-unclassified-shares-86771.asp



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