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        Companies Law

        Section 117 - Debentures with voting rights not to be issued hereafter.

        Companies Act, 1956
        Chapter IV
        SHARE CAPITAL AND DEBENTURES

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        Debentures with voting rights prohibited from issuance after commencement, irrespective of meetings or particular classes of business. Prohibits issuance of debentures with voting rights after commencement of the Act: no company may issue debentures conferring voting rights at company meetings, whether generally or for particular classes of business.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Debentures with voting rights prohibited from issuance after commencement, irrespective of meetings or particular classes of business.

                              Prohibits issuance of debentures with voting rights after commencement of the Act: no company may issue debentures conferring voting rights at company meetings, whether generally or for particular classes of business.


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