140k views
14 votes
What is the transitional period in the Companies Act 2013?.

User OnkarDhane
by
6.7k points

1 Answer

9 votes

Answer:

Transition period means the period which given for compliance in new provisions laid down by companies act. It is considered to be relief period as old provisions and new provisions running in the mind. The transitional period as per proviso to section 139 subsection 2 of the companies Act,2013 is three years.

Step-by-step explanation:

hope it helps you

User Hcabnettek
by
7.0k points