201607.22
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National Company Law Tribunal Rules,2016 Notified

National Company Law Tribunal Rules,2016 Notified Finally,the National Company Law Tribunal Rules,2016 has been notified on 21st July 2016. It consists of total of 163 rules and allied forms .  It has various provisions related to the functioning and powers of NCLT It  has schedule of fees containining 31 different fees under various provisions of Company Act,1956…

201607.11
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Jurisdiction of NCLT Benches

Jurisdiction of NCLT Benches  The jurisdiction of newly constituted 11 benches of National Compnay Law Tribunal(NCLT) will be as below : 1. NCLT, New Delhi Bench – State of Haryana, Rajasthan and Union Territory of Delhi; and   NCLT, Principal Bench , New Delhi.  It must be noted that  New Delhi will have two benches of…

201607.11
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NCLT Ahmedabad-Jurisdiction

NCLT Ahmedabad – Jurisdiction The 11 benches of National Company Law Tribunal (NCLT) constituted so far,will have separate jurisdiction . The jurisdiction has been specified for all such NCLT benches by a notification dated 01.06.2016. Interestingly, the jurisdiction of NCLT, Ahmedabad will include the following states and union territories :  (1) State of Gujarat.  (2) State of Madhya…

201607.10
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NCLT Versus High Court

NCLT Versus High Court National Company Law Tribunal(NCLT) & National Company Law Appellate Tribunal (NCLT) have been constituted finally  on 01.06.2016 . It has been vested with various powers to deal with those matters which were previously dealt with by Company Law Board (CLB).It must be known that CLB was dissolved consequentially . The evolution of…

201606.02
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Company Law Board Dissolved

Company Law Board Dissolved    Company Law Board Replaced by NCLT   Finally Company Law Board is dissolved. Further, w.e.f 01.06.2016 , it shall be replaced  with National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). As a consequence and in lieu of sub-section (3) of Section 10FA of Companies Act,1956, all matters pending…