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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 90: Clarifies Impact on Share Rights in Public, Private Companies Post-Companies Act, 1956.</h1> Section 90 of the Companies Act, 1956, addresses the impact of certain sections on share rights in public and private companies. It clarifies that sections 85, 86, 88, and 89 do not affect voting or other rights of shares issued by public companies before the Act's commencement, except as specified in section 89. These sections do not apply to private companies unless they are subsidiaries of public companies. From the enactment of the Companies (Amendment) Act, 1974, section 87 applies to voting rights on preference shares issued by public companies before April 1, 1956, similarly to those issued after that date.
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