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https://www.corpstore.in/blog/wp-content/uploads/2016/02/Company-Registration-Coimbatore-1.jpg620347Section 167 and 186, dealt with in this part apply to both public limited and private limited companies. The Section 167 of the act prescribes under section 166, the central government may notwithstanding anything contained in the act or in the articles of the company. Company law board will exercise the power for time being …