Ministry of corporate affairs (MCA)
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It has been clarified that the applications that were rejected by Regional Directors under section 22(1)(ii)(b) of the Companies Act,1956, on the ground that such applications were made after the requisite period of 12 months specified therein, cannot apply a fresh under Section 16(1)(a) of the Companies Act,2013, as the extinguished limitation cannot be considered to be revived even if no limitation period has been prescribed / laid down in the said section.
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