Friday, August 19, 2016

Section 470 of Companies Act 2013

Section 470 of Companies Act 2013 :-

Power to remove difficulties.

1.     If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act, as appear to it to be necessary or expedient for removing the difficulty:

Provided that no such order shall be made after the expiry of a period of five years from the date of commencement of section 1 of this Act.

2.     Every order made under this section shall, as soon as may be after it is made, be laid before each House of Parliament.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 470 Companies Act 1956 has been repealed.

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