Transitional validity of resolutions under old companies law permitted if implementation began earlier and amendments follow new law. Resolutions approved under the Companies Act, 1956 between 1st September, 2013 and 31st March, 2014 may be implemented under the Old Act notwithstanding repeal, provided implementation actually commenced before 1st April, 2014. The transitional arrangement remains available until the later of one year from passing of the resolution or six months from commencement of the corresponding provision in the Companies Act, 2013, and any amendment of such resolutions must be made in accordance with the relevant provision of the Companies Act, 2013.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transitional validity of resolutions under old companies law permitted if implementation began earlier and amendments follow new law.
Resolutions approved under the Companies Act, 1956 between 1st September, 2013 and 31st March, 2014 may be implemented under the Old Act notwithstanding repeal, provided implementation actually commenced before 1st April, 2014. The transitional arrangement remains available until the later of one year from passing of the resolution or six months from commencement of the corresponding provision in the Companies Act, 2013, and any amendment of such resolutions must be made in accordance with the relevant provision of the Companies Act, 2013.
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