How to draft an agreement mentioning the Act.

deepak (Querist) 23 June 2010 This query is : Resolved
Dear Sirs,

Most appropriate way of mentioning / referring any Act while drafting an Agreement is:
(1) The Companies Act 1956 or
(2) The Companies Act 1956 [As amended from time to time]

what will the effect of an amendment in the Act which is used to say define any term etc in the agreement in both the case.

Regards,
Deepak

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Adv.Aiyer VLV (Expert) 23 June 2010
both will have same effect

option 2 is explicit

whenever any law applies it applies as per law for the time being or relevant law, as per the case.

sometime old law will apply, sometime current law will apply

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