29 April 2011
Dear Mr. Basavaraj, Obviously and without doubt, both are two distinct and separate Acts. However the 1913 Act stands repealed with the enactment of 1956 Act. Please refer to Section 644 and Schedule XII of the 1956 Act.
01 May 2011
Dear Basavraj, The seniors have said it right. To be more precise the 1956 Act has taken over the 1913 Act on this branch of law and all Indian companies are governed by 1956 Act since it's promulagation ,