difference between- Indian companies act 1913, companies act 1956

Basavaraj (Querist) 29 April 2011 This query is : Resolved
Dear Experts.

what is the difference between- Indian companies act 1913, companies act 1956...are these 2 separate Acts?

Please let me know.

Thanks in advance.

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R.Ramachandran (Expert) 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However the 1913 Act stands repealed with the enactment of 1956 Act.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.

Basavaraj (Querist) 29 April 2011
Thanks Mr.Ramachandran

Guest (Expert) 29 April 2011
If some Act is already existing and a new enactment is made, the new enactment contains the a repealing clause clearly making a mention about repealment of the said Act.

M/s. Y-not legal services (Expert) 29 April 2011
nice ramachandran sir.. from this kind of querys we, juniors learning something from you..

H.M.Patnaik (Expert) 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 ,