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Special Committee Companies Bill, 1962 debate -
Tuesday, 2 Apr 1963

SECTION 194.

Question proposed : "That Section 194 stand part of the Bill."

How does this compare with previous law?

The section is new, but this is to a large extent existing law.

It is very often incorporated in articles of association.

It has come to be accepted.

It is absolutely necessary.

Wisdom was ahead of the law.

Question put and agreed to.
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