Companies Act 2013 introduced

Image: Voice of Sikkim

EOI, Gangtok, 18 October 2013: The Official Gazette of India, while repealing the old Registration of Companies (Sikkim) Act 1961, today announced the Companies Act 2013. The Companies Act 2013 is applicable to the whole of India without exception to any state.

Under the Act, companies operating or aiming to do so will no longer have to follow the existing Registration of Companies (Sikkim) Act 1961. However, those companies already registered and operating under the old law will continue to remain valid and deemed registered.

Earlier, several political parties and organisations had accused the Chamling-led state government of failing to safeguard the vanishing old laws of Sikkim. The National Sikkimese Bhutia Organistaion (NASBO) accused the new law to be yet another blatant act of the central government to completely do away with the 36th Constitutional Amendment Act, 1975.

“Now that it has become clear that the basic intention of the central government and the present SDF government is to gradually do away with Article 371 F of the Constitution, we request the President to issue an ordinance to right away repeal the 36th Constitutional Amendment Act instead of injecting slow poison on the Sikkimese people,” said NASBO.

The organisation has further demanded the immediate resignation of the two MPs, PD Rai and Hissey Lachungpa, saying they have proved to be nothing more than a burden on Sikkim residents, taxpayers and the exchequer.