The preamble to the companies act 2012 states that it is an act to repeal the companies act 1956. i haven't got chance as yet to go through the same and therefore have this query .
Is this act an extension of the earlier act or that the older act (being repealed in entirety ) has been rendered inapplicable now ? I mean is the companies act 2012 an entire act in itself covering all aspects of companies law or just some provisons here and there ???
Rohit
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Simple query regarding companies act 2012
Replies (2)
Your opening line itself says it is an act to repeal the old one.
If the govt. repeals a law, it officially ends it, so that it is no longer valid.
| Originally posted by : ars | ||
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thanks for the reply ! |
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