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(1)In section 27(3) and (12) and section 31(2) of the Act of 1967 (duty of directors to notify company within fourteen days of acquisition etc. of securities of the company) for the words " fourteen days " wherever they occur there shall be substituted the words " five days ".
(2)Subsection (1) above does not affect the time for fulfilling any obligation which arose before the coming into operation of this section.
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