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Section 187
Recognition of the agreement between the shareholders
 (1) The agreement between the shareholders of the company regarding the management, operation and exercise of voting rights granted to the shareholders shall be bindingly applied between them. However, if any provision of such agreement is detrimental to the interests of the company or its minority shareholders, it will automatically be ineffective to that extent.
(2) Two copies of the agreement made according to sub-section (1) shall be submitted to the company within fifteen days from the date of such agreement. The company shall submit a copy of the agreement received from the shareholders to the office within fifteen days of receiving it.