Case Law Details
Case Name : Scheme of amalgamation of Wadala Commodities Limited with Godrej Industries Limited (Bombay High Court)
Appeal Number : Company Summons for Direction no. 256 of 2014
Date of Judgement/Order : 08/05/2014
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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CA Sandeep Kanoi, CS PC Agrawal
Bombay High Court in scheme of amalgamation between Wadala Commodities Limited with Godrej Industries Limited has stated that gazetted copy of many MCA rules are not available, hence in the opinion of the court
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Author Bio
There is a concept of ‘back-date’ which is very popular with this Ministry i.e MCA. The Rules which are available through Gazette Notification are also applicable from 01.04.2014 although they have been published at a latter date. MCA will do the same thing with respect of other Rules and the said Rules will also be applicable from 01.04.2014. With the concept of ‘Back-Date’, MCA will validate the Rules, which are available in the Statement of Notification at MCA portal. The said statement is not a legal paper having no legal relevance. The Rules will be applicable from 01.04.2014 but will be published at later date. Same act MCA has already done with respect to Rules which are already available…STRANGE BUT REALITY…!!!