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February 2013

February 2013
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We had clearly made known in writing our apprehensions about the workability of the proposed pension fund and the danger of trifurcation hidden in the transfer scheme. It was clearly pointed out with material evidence that although the Board is corporatized, it is still possible to continue the present practice of giving statutory pension under “defined benefit plan” as provided under Accounting Standard 15 (AS 15) applicable to corporate accounting.

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