banner_ad

is companies act 1956 still applicable??

Companies Act 2013 3751 views 2 replies
is companies act 1956 still applicable??

if yes,

1) why is it so?
2) which all sections are applicable? ( what do these sections relate to?)

Let's discuss this well :

thank-you
Replies (2)

Yes, some sections of  Companies Act 1956 are still applicable.  This is so because the government is  yet to set bodies like National Company Law Tribunal and the relevant rules need to be notified.  In the absence of this relevant sections of the new Act cannot be implemented.  For example, the provisions relating to scheme of arrangement u/s 391-394 of old Act are still applicable since the same are dealt with by  High Courts.  After  NCLT is set up these matters will be dealt with by  NCLT and provisions of the new Act will be notified.

 

Thank-you Sir,

Also, sir, NCLT would replace the existing Company Law Board, right?
what's the need for that?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details