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of <h1>Repeal of Companies Act 1956 with transitional rules keeping CLB/court powers and LLP section 67 provisions alive until notified.</h1> Repeals the Companies Act, 1956 and the Registration of Companies (Sikkim) Act, 1961, while prescribing transitional continuance of specified 1956 Act provisions: until notification under section 434 transfers all matters to the Tribunal, the 1956 Act continues to govern the jurisdiction, powers and functions of the Company Law Board administration and courts; and 1956 Act provisions applied to limited liability partnerships under section 67 of the LLP Act, 2008 continue until corresponding provisions of this Act are notified. It saves and carries forward, to the extent not inconsistent with this Act, prior actions, subordinate legislation, instruments, appointments, offices, registrations, registers, funds, pending prosecutions, inspections/investigations/inquiries, and unresolved filings, preserving their legal validity and continuity despite repeal.
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