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of <h1>Section 561: Companies Act 1956 Applies to Firms Formed Under Previous Laws, With Specific Exceptions for Certain Companies.</h1> Section 561 of the Companies Act, 1956, outlines the application of the Act to companies formed or registered under previous companies laws. For limited companies, the Act applies as if they were formed and registered under the current Act as companies limited by shares or guarantee, depending on their structure. For unlimited companies, the Act applies as if they were formed under the current Act as unlimited companies. Exceptions include companies registered under specific earlier acts, where certain provisions like Table A in Schedule I do not apply. References to registration dates are interpreted as the original registration date under previous laws.
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