1. Clause ( c) omitted by Act 1 of 2018, s. 13 (w.e.f. 7 -5-2018). 51 Provided th at the Tribunal shall, while giving approval under this sub -section, order the redemption forthwith of preference shares held by such persons who have not consented to the issue of further redeemable preference shares. Explanation. -For the removal of doubt s, it is hereby declared that the issue of further redeemable preference shares or the redemption of preference shares under this section shall not be deemed to be an increase or, as the case may be, a reduction, in the share capital of the company. (4) The capital redemption reserve account may, notwithstanding anything in this section, be applied by the company, in paying up unissued shares of the company to be issued to members of the company as fully paid bonus shares. Explanation. -For the purposes of s ub-section ( 2), the term “infrastructure projects ” means the infrastructure projects specified in Schedule VI.