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section 66 applicable to preference shares?
section 66 applicable to preference shares as well?
Replies (2)
Section 66 of the Companies Act 2013 deals with the reduction of the issued/Paidup/Subcribed paid up share capital of the Company. Preference shares are not covered under Section 66 of the Companies Act 2013. It is covered under different section of the Companies Act 2013 and no approval of NCLT is required.
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