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[Cites 0, Cited by 2] [Section 320] [Entire Act]

Union of India - Subsection

Section 320(2) in The Companies Act, 1956

(2)In the case referred to in clause (b) of sub-section (1), it shall be the duty of the Director concerned to take all reasonable steps to secure that particulars with respect to the payment proposed to be made by the transferees or other person (including the amount thereof) are included in, or sent with, any notice of the offer made for their shares which is given to any shareholders.