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

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..... ll 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/were at different stages of implementation after coming into force of c .....

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..... 1st 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 whichever is later. It is also clarified that any amendment of the resolution must be in accordance with the relevant provision of the New Act. This issues with the approval of the compe .....

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