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1[36AC. Part IIA to override other laws.--Any appointment or removal of a director, chief
executive officer or other officer or employee in pursuance of section 36AA or section 36AB shall have
effect notwithstanding anything to the contrary contained in the Companies Act, 1956 (1 of 1956), or
any other law for the time being in force or in any contract or any other instrument.]
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1. Ins. by Act 55 of 1963, s. 18 (w.e.f. 1-2-1964).