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of <h1>Section 389 of Companies Act 1956 Repealed by 1960 Amendment; Affected Arbitration Powers in Corporate Matters.</h1> Section 389 of the Companies Act, 1956, which pertained to the power of companies to refer matters to arbitration, was repealed by the Companies (Amendment) Act, 1960. This section was part of Chapter V, which deals with arbitration, compromises, arrangements, and reconstructions under the Companies Law. The repeal was enacted through section 150 of the 1960 amendment.
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