Section 465 of the Companies Act, 2013
Section 465 of the Companies Act, 2013
Title: Repeal of Certain Enactments and Savings
⚖️ Full Summary of Section 465:
Section 465 formally repeals the Companies Act, 1956, and certain other related laws, while preserving the validity of actions taken under those repealed laws.
🔹 Sub-section (1): Repeal of Acts
The following Acts are repealed:
The Companies Act, 1956 (1 of 1956)
The Registration of Companies (Sikkim) Act, 1961
📌 These Acts cease to have effect from the date notified by the Central Government for implementation of the Companies Act, 2013.
🔹 Sub-section (2): Savings Clause
Despite the repeal:
Anything done, action taken, orders passed, notices issued, rules made, registrations granted, appointments, approvals, or proceedings initiated under the repealed Acts will:
Continue to be valid as if done under the 2013 Act, until specifically changed or repealed.
🧾 Example: If a company was incorporated under the 1956 Act, it remains valid under the 2013 Act.
🔹 Sub-section (3): Power to Remove Difficulties
The Central Government can make orders to remove difficulties in giving effect to the provisions of the 2013 Act.
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