Market value of unquoted preference shares

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..... isions of sub-rule (2) the market value of an unquoted preference share of any company shall ( a ) where the preference share is issued before the valuation date at a rate of dividend of not less than eight per cent, be the paid-up value of such share; and ( b ) where the preference share is issued before the valuation date at a rate of dividend of less than eight p .....

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..... accounting years ending on a date, immediately preceding the valuation date, for which no dividend has been paid. Rate of deduction 1 2 Three years Four years Five years Six years and above 10 per cent of the paid-up value or the adjusted paid-up value, as the case may be 20 -do- 30 .....

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