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Section 25 corresponds to section 8 of the companies Act, 2013 which is not yet notified. In this regard section 263A of old company act explicitly exempts section 177, 255, 256 and 263. What is the exact provision corresponding to section 263A and also in case such provision doesnt exist will it mean that companies with charitable object will not be protected under the new act. (by Gautam Sood, Lawyer)

Implementation of new law

Posted By: Vivek vijay 11 year(s) ago

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Expert Ankit Singhi

Companies Act 2013 doesn’t contain any section in reference to the section 263A of the Companies Act 1956. Government may by notification exempt section 8 companies from the necessary provisions of the Act under which they were exempted in the Companies Act 1956.

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