New Companies Act - Old Sections Not Applicable
98 Sections of the new Companies Act have been brought into force by a notification dated 12.9.2013.
There is a doubt whether the provisions of the Companies Act, 1956 corresponding to the 98 sections would continue to apply or not.
Ministry of Corporate Affairs clarifies that with effect from 12.09.2013, the relevant provisions of the Companies Act, 1956, which correspond to provisions of 98 sections of the Companies Act, 2013 brought into force on 12.09.2013, cease to have effect.
So, you have two Acts operating simultaneously - the old one minus the 98 sections and the new one with the 98 functional sections!
MoCA Circular No16/2013, Dated: September 18, 2013