TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clause 255 Excludes Stay Order Duration from Limitation Period for Sick Companies under Companies Bill, 2011</h1> In the context of the Revival and Rehabilitation of Sick Companies under the Companies Bill, 2011, Clause 255 specifies that when calculating the limitation period for any legal suit or application on behalf of a company seeking determination as a sick company, the time during which a stay order is in effect, as per section 253(3), is excluded. This provision overrides the Limitation Act, 1963, and any other prevailing law, ensuring that the limitation period calculation does not include the duration of the stay order issued by the Tribunal.
TaxTMI 
TaxTMI 
