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

Last updated: 25 July 2014

Notice Date : 23 July 2014

General Ctrcular No. 32/2014
No.1/25/ 13-CL-V
Government of lndia
Ministry of Corporate Affairs

5th Floor, A Wing, Shastri Bhavan,
Dr R.P. Road, New Delhi.
Dated: - 23rd July, 2014

To
All Regional Directors,
All Registrars of Companies,
A11 Stakeholders.

Subject: Clarilication 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/were at different stages of implementation after coming into force of corresponding provisions of the new Compalies Act, 2013 (New Act). Ministry has received suggestions that while section 6 of the General Clauses Act, 1897 protects the validity of such resolutions, it will be advisable if a suitable communication is also issued in the matter by the Ministry by way of abundant caution.

Please refer the atached file for full circular