Professional privilege protects client communications from disclosure, with narrow exceptions for illegal purposes or observed fraud.

Permits Central Government licences allowing omission of "Limited" for companies with charitable or similar objects subject to conditions, defines preference and equity share capital distinctions, authorises probationary release or admonition for certain first offenders with procedural safeguards, protects professional legal communications from disclosure except for communications in furtherance of illegal purposes or observed facts showing crime or fraud, defines categories of "public servant," criminalises giving or using false evidence and insulting or interrupting public servants in judicial proceedings, and recognises part performance as a defence to enforcement of transferor rights where the transferee has acted in reliance on a written contract.

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