Companies Act Section 378 — Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases
CHAPTER XXI
Commercial / Corporate
Summary
This section says that nothing in this Part of the Act changes how any other law works, if that other law allows a partnership firm, limited liability partnership, society, co-operative society, association, or company to be wound up, or to be wound up as a company or as an unregistered company, under the Companies Act, 1956, or under any Act that the 1956 Act repealed. In other words, those other laws continue to operate as they did before.
The proviso adds that if any such other law refers to a provision in the Companies Act, 1956, or in an Act repealed by that Act, that reference must now be read as a reference to the corresponding provision, if any, in this current Act. So old references are updated to match the new Act where a matching provision exists.
Official Text
Nothing in this Part, shall affect the operation of any enactment which provides for any partnership firm, limited liability partnership or society or co-operative society, association or company being wound up, or being wound up as a company or as an unregistered company, under the Companies Act, 1956 (1 of 1956), or any Act repealed by that Act:
Provided that references in any such enactment to any provision contained in the Companies Act, 1956 (1 of 1956) or in any Act repealed by that Act shall be read as references to the corresponding provision, if any, contained in this Act. 1[CHAPTER XXIA PRODUCER COMPANIES PART I PRELIMINARY