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  3. 9. examine the validity of the following statement

9. Examine the validity of the following statement with reference to the provisions of the...

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9. Examine the validity of the following statement with reference to the provisions of the Companies Act, 2013. "The Articles of Association of Y Limited contains a provision that the underwriting commission may be paid upto 4% of the issue price of the shares. However the Board of Directors have decided to pay the underwriting commission of 5% to Mind & Co., the underwriters

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