The stipulation under companies’ act 1956 shall be related to a producer company in a way if the companies act, 1956 has not been repeal until a special act is approved for producer companies.
Under sub-section (1) of section 434, a date is specified by the central government for transfer of all things, cases or proceedings to the tribunal, the stipulation of the companies act 1956 in value to the powers, jurisdiction, functions and authority of the board of company law management and court shall keep to register as if the companies act 1956 has not been void.
The stipulation of the companies act 1956 (1 of 1956) mentioned in the news provided under the limited liability partnership (LLP) act 2008 of section 67 shall, until the proper notification under such section registering suitable provisions of this act to LLP is provided, continue to apply as if the companies act 1956 has not been reversed.
However the retract under sub-section (1) of the repeal validation:
Anything containing any rule, inspection, notification, notice create or any penalty or fine charged under the reversed validations shall considered under the signifying conditions of this act.
Subject to the conditions of section (a), rule, notification, any order, deed, instrument issued or executed, if in force at the beginning of this act, passed, issued or executed under this act.
Any rule or principal of law or started jurisdiction, custom, existing usage, procedure shall not be affected, however the same relevantly may have been in any method or recognized, affirmed or derived by, in or create, the invalidate sanctions.
Any person is fixed by a benefits of any rescind validation shall be considered to advantage of this act.
Any liability, right, privilege, jurisdiction, procedure, custom or other matter or restored.
The offices managing on the start of this act for the company registration of shall keep under this act.
The registration of companies filed under the rescind validations shall keep to be effective.
All funds and all registers formed and established under the rescind validations shall be considered to be registers.
Any action instituted under the rescind validations and pending instantly before the start of this act before aby court shall, subject to the conditions of this act.
Any inquiry, investigation or inspection ordered to be right under the companies act 1956. It shall be continued with as if such observation, inquiry or investigation has been required under the indicating conditions of this act.
Any business filed with the registrar, the government or regional director under the companies act 1956 before the start of this act and not fully directed at that time shall be finished by the registrar, government or regional director, in terms of that act despite its cancellation.
This section deals with cancelling of companies act 1956 and registration of companies act 1961 under the registration of Coimbatore. However the conditions relating to producer companies shall be relate mutual mutandis as if companies act and it has not been reversed. It also offers that till the registration of tribunal and appellate tribunal.
Until a date is apprised by the government for transfer of all things, cases or proceedings to the tribunal. The conditions of the companies act 1956 in regard to the jurisdiction, authority, powers and fuctions of the board of company law administration and court shall keep to register as if the companies act 1956 has not been reversed.
It has also been delivered that stipulations of the companies act 1956 mentioned in the news provided under Limited Liability Partnership Act 2008 of section 67. Until the suitable notice under such clause registering relevant conditions of this act to limited liability partnership (LLP) is provided, continue to assign as if the companies act 1956 has not been reversed.
It has been specified that any matter registered with the registrar, the government or regional director under the companies act 1956 before the start of this act and not completely addressed at which time shall be finalized by the registrar.
Section 6 of general clauses act 1897
Effect of repeal
- Where any central act or this act or regulation made after the start of this act reversal any order hitherto made or hence to be made, then unless various goals performs, the retract shall not.
- Renew anything not in existing or force at the time at which the revocation takes action.
- Decide the previous action of any enactment so retract or suffered thereunder. If the company registration takes placed in Coimbatore, it has been done in the registrar of companies.
- Form any privilege, liability acquired, right, incurred or acquired under any approval so repealed.
- Decide any punishment, penalty or forfeiture caused in respect of any offense committed against any approval so repealed.
- Decide any legal proceedings, investigations or remedy in regard of any such liability, privilege as same.