Clarification on transitional period for resolutions passed Under the Companies Act, 1956.

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.... All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Clarification on transitional period for resolutions passed Under the Companies Act, 1956. Sir, It has been brought to the notice of the Government that many companies have passed resolutions during financial year 2013-14 under the relevant provisions of the Companies Act, 1956 (Old Act) which are/we....

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....visions of the Old Act, notwithstanding the repeal of the relevant provision subject to the conditions (a) that the implementation of the resolution actually commenced before 1^st  April, 2014 and (b) that this transitional arrangment will be available upto expiry of one year from the passing of the resolution or six months from the commencement of the corresponding provision in New Act which....