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Tuesday, May 13 1997
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Wary of shareholders, firms extend accounting year![[Details]](/icons/bullet.gif){kind=icon}
Companies which were facing tough times in maintaining a good performance in the last year are extending their financial accounting period by another three to six months.
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BJP to oppose move to hike petro prices
The Bharatiya Janata Party (BJP) on Monday announced that it would oppose any move by the United Front government to hike petroleum prices.
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Sword of Damocles hangs over company secretaries
Over 7,000 company secretaries may be left in the lurch if the draft companies bill is approved by Parliament. The bill has hiked the minimum paid-up equity capital limit for public companies and only listed public companies with a paid-up equity of Rs 2 crore and above are now required to have a whole-time company secretary on their musters.
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The Group
