Please explain whether the old circulars notifications issued by MCA, DCA as per old companies Act 1956, are still valid or not...??? IF NOT then WHY?? IF YES then HOW, any reference?
27 November 2014
now mca is partially and slowly relealling the old act and the ciruclar and other notification by issuing new one as it has to be in line with new co act 2013
There is one notification issued by DCA Notification no. GSR -59, dated 6-1-1959 in respect of Foreign shiping and airline companies. but now as per section 381 of companies act 2013:-(there is a provision for clause (a))
(1) Every foreign company shall, in every calendar year,— (a) make out a balance sheet and profit and loss account in such form, containing such particulars and including or having annexed or attached thereto such documents as may be prescribed; and (b) deliver a copy of those documents to the Registrar: Provided that the Central Government may, by notification, direct that, in the case of any foreign company or class of foreign companies, the requirements of clause (a) shall not apply, or shall apply subject to such exceptions and modifications as may be specified in that notification.
CAclubindia
