15. Ms. Farah is examining a Central Act which received the assent of the President on 10th January 2026, but the Act itself is silent as to the…
CA Intermediate · Corporate and Other Laws · MTP · September 2026
15. Ms. Farah is examining a Central Act which received the assent of the President on 10th January 2026, but the Act itself is silent as to the specific date on which it shall come into force. Which of the following statements correctly reflects the legal position under the General Clauses Act, 1897? Statements: (I) Where no specific date is mentioned for commencement, the Act shall be construed to have come into operation on the date it received the assent of the President i.e., 10th January 2026. (II) Commencement", as defined under Section 3(13) of the General Clauses Act, 1897, means the day on which the Act comes into force. (III) A Central Act shall be construed as coming into operation immediately on the expiration of the day preceding its commencement, unless the contrary is expressed. (IV) Where an Act is expressed to come into force on a particular day, it shall commence on the expiration of that day, since a "day" for this purpose is reckoned from midnight to midnight. Options:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
(c) I, II, III and IV
Topics: The General Clauses Act, 1897, Incorporation of Company and Matters Incidental Thereto
Related Questions in this Topic
- 14. Which of the following statements is/are correct with respect to the effect of repeal of an enactment under Section ...
- 14. Ritika pledged her shares in XYZ Ltd. as security for a loan. During a discussion, one of her friends argued that sh...
- 13. Bright Future Welfare Association, an unincorporated association of individuals, entered into a statutory arrangemen...
- The Community Development Incentives Act, 2010 provides certain tax benefits to organizations engaged in charitable and ...
- Apex Green Energy LLP, engaged in the business of manufacturing solar-powered equipment, has been facing severe liquidit...