Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARD :: TDS :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: list of goods taxed at 4% :: articles on VAT and GST in India :: cpt :: VAT Audit :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
Latest Circulars »
 RBI-Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007
 RBI-Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines
  Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Sovereign Gold Bond Scheme 2016 -17 – Series III
 Minutes of the Monetary Policy Committee Meeting October 3-4, 2016
 Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Auction for Sale (Re-issue) of 7.35 per cent Government Stock 2024
 Auction of Government of India Dated Securities October 17, 2016
  Setting The Priorities Right (Shri S. S. Mundra, Deputy Governor – September 28, 2016 – at the 3rd SBI Banking and Economics Conclave in Mumbai)
  Financial Stability in a Weak Global Environment (Shri S. S. Mundra, Deputy Governor - September 22, 2016 - at the 7th SEACEN High Level Seminar for Deputy Governors in–charge of Financial Stability and Supervision, Mumbai)
 RBI issues Directions to United India Co-operative Bank Ltd., Nagina, Bijnor, Uttar Pradesh – Withdrawal of Directions

Clarification on transitional period for resolutions passed Under the Companies Act, 1956.
July, 30th 2014
                                                ceneral Ctrcular No. 32l2O14
                                 No.1/25l 13-CL-V
                               Government of lndia
                            Ministry of Corporate Affairs

                                              sth Floor, A Wing, Shastri Bhavan,
                                                        Dr R.P. Road, New Delhi.

                                                        Dated: - 23td July, 2014


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

    Subject: clarilication on transitional period for resolutlons passed
             Under the Companies Act, 1956.


           It   has been brought to the notice ol the Government that many
    companies have passed resolutions during financial year 2ol3-14 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.

                                                              Page no. 2, contd.,

2. The matter has been examined in the light of similar issues clarified
earlier. It is clarified that resolutions approved or passed by companies
under relevant applicable provisions of the Old Act during the period from
1"t September, 2O13 to 31st March, 2014, can be implemented, in
accordance with provisions of the Old Act, notwithstanding the repeal of the
relevant provision subject to the conditions (al that the implementation of
the resolution actually commenced before 1"t April, 2014 and lbf 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 clarilied 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 competent authority.

                                                               Yours faithfully


Copy to:-

1. e-Governance Section and web contents Officer to place this circular on
the Ministry website
2. Guard File
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions