Clarification on Applicability of Provisions of Section 108 A to 108 I of the Companies Act, 1956

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....larification on Applicability of Provisions of Section 108 A to 108 I of the Companies Act, 1956 <br>News and Press Release<br>Dated:- 25-5-2011<br><BR>The Ministry of Corporate Affairs has issued fol....

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....lowing clarification on applicability of provisions of Section 108A to 108 I of the Companies Act, 1956: "Sections 108A to 108 I of the Companies Act, 1956 were inserted in the Companies Act, 1956 t....

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....hrough Monopolies and Restrictive Trade Practices (Amendment) Act, 1991. Section 108G (applicability of sections 108A to 108F) and Section 108H (construction of certain expressions used in Sections 10....

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....8A to 108G) of the Companies Act, 1956 refer to the applicability of provisions of Sections 108A to 108F in reference to various requirements under the MRTP Act, 1969. As MRTP Act, 1969 stands repe....

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....aled, the legal validity of these provisions i.e. sections 108A to 108H of Companies Act, 1956 has been examined in the Ministry in consultation with the Ministry of Law & Justice and it has been obse....

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....rved that after the repeal of MRTP Act, 1969, the provisions of Section 108A to 108 I the Companies Act, 1956 have become redundant and will have no legal force".<BR> News - Press release - PIB....