Rules and Regulations of India

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Section 38 – The Company Law Board Regulations, 1991

38. Petition under section 397 or 398

A petition under section 397 or 398 shall not be withdrawn without leave of the Board, and where the petition has been presented by a member or members authorized by the Central Government under sub-section (4) of section 399, notice of the application for leave to withdraw shall be given to the Central Government.

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