Clarification on Section 58A(9) / Section 58AA of Companies Act, 1956

CIRCULAR NO.1-2014
File No. 10/54/2014-CLB
COMPANY LAW BOARD
GOVERNMENT OF INDIA
3rd Floor, B-Block Paryavaran Bhawan
C. G. O. Complex; Lodhi Road
New Delhi-110003
Dated: 22.07.2014

CIRCULAR

Sub: Clarification on Section 58A(9) and Section 58AA of the Companies Act, 1956 – Reg.

On the commencement of sub-section (2) of section 74 of the Companies Act, 2013 w.e.f. 06.06.2014, the corresponding sections namely 58A (9) and 58AA of the Companies Act, 1956 ceased to have effect. Benches of the Company Law Board shall not accept further applications under sections 58A(9) and 58AA of the Companies Act, 1956.

2. All applications under section 58A(9)  and 58AA of the Companies Act, 1956 prior to 06.06.2014   pending in the Regional Benches shall be disposed of under the provisions of the said Act on top priority basis.

{P.K. Malhotra}
Searetary, Company Law Board
Telephone No. 24353,151