Section 465 of CA 2013 : Section 465: Repeal Of Certain Enactments And Savings

Explanation using Example

Imagine a company, "GreenTech Innovations", was incorporated under the Companies Act, 1956. It received a notice for a regulatory inspection in 2012 for its financial records. However, before the inspection could be completed, the Companies Act, 2013 came into force, repealing the Companies Act, 1956.

According to Section 465 of the Companies Act, 2013, the inspection of GreenTech Innovations would continue as if it was initiated under the new Act. Even though the 1956 Act was repealed, any actions taken under it would be considered valid under the 2013 Act, ensuring a seamless transition for the company in complying with the regulatory process.