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National Company Law Tribunal

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Basic Understanding Of NCLT & NCLAT For Students

Corporate Law : Everyone knows High Court and Supreme Court but few People like CA/CS/Lawyers know NCLT & NCLAT. Lets through light on this to...

October 16, 2018 9210 Views 2 comments Print

Cyrus Mistry-Tatas feud: Rights of Minority shareholders compromised??

Company Law : NCLT, Mumbai Bench dismissed the petition filed by Cyrus Mistry who incidentally owns about 18.3% (including preference capital) o...

July 16, 2018 2028 Views 1 comment Print

NCLT approval in case of conversion – Why & When….??

Company Law : We all know that The Companies Act, 2013 provides for conversion from one type of a company to another. A Private Company can conv...

April 5, 2018 7770 Views 0 comment Print

Key points while filing petition/application before NCLT court

Company Law : As we all knows that Central Government notified NCLT Rules, 2016 on 21st of July, 2016 through notification in the official gazet...

February 19, 2018 95997 Views 10 comments Print

FAQs on Holding AGM through NCLT under Companies Act, 2013

Company Law : As per section 96 of CA, 2013, every Company (other than OPC) shall hold a general meeting annually (exclusive of any other meetin...

December 28, 2017 10998 Views 0 comment Print


Latest News


Recommendations related to corporate compliance and governance

Company Law : Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley. Recommends Restructuring of...

August 27, 2018 786 Views 0 comment Print

Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)

Company Law : The Ministry of Corporate Affairs Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appe...

January 16, 2012 990 Views 0 comment Print

Government proposes to set up ‘National Company Law Tribunal’

Company Law : The Government has said that it proposes to set up a ‘National Company Law Tribunal’ to consolidate the powers and jurisdictio...

August 6, 2010 336 Views 0 comment Print

Corporate ministry started consultations on feasibility of setting up NCLT

Company Law : The ministry of corporate affairs (MCA) has started a round of consultations with the law ministry on the feasibility of setting u...

May 22, 2010 586 Views 0 comment Print

Government starts process to set up National Company Law Tribunal

Company Law : To set up a Company Law Tribunal without further delay, the Ministry of Corporate Affairs has begun consultations to make the nece...

May 16, 2010 321 Views 0 comment Print


Latest Notifications


CG constitutes National Company Law Tribunal, Kochi Bench at Kochi

Company Law : Central Government hereby constitutes the National Company Law Tribunal, Kochi Bench at Kochi and for the said purpose hereby make...

July 27, 2018 1803 Views 0 comment Print

National Company Law Appellate Tribunal (Amendment) Rules, 2017

Company Law : “63. Appearance of authorised representative.- (1) Subject to provisions of section 432 of the Act, a party to any proceedings o...

August 23, 2017 1593 Views 0 comment Print

National Company Law Tribunal (Amendment) Rules, 2016

Company Law : These rules may be called the National Company Law Tribunal (Amendment) Rules, 2016. They shall come into force on date of their p...

December 20, 2016 6226 Views 0 comment Print

NCLT (Procedure for reduction of share capital of Company) Rules, 2016

Company Law : These rules may be called National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016 and appl...

December 15, 2016 31258 Views 1 comment Print

Govt appoints Judicial and Technical Members in NCLT

Company Law : Central Government hereby appoints following persons as Judicial and Technical Members in the National Company Law Tribunal in the...

July 28, 2016 22694 Views 0 comment Print


Power of NCLT to accept or reject joint application filed by operational creditor

September 22, 2017 5268 Views 0 comment Print

Power is given to Operational Creditor’s u/s 8 and 9 to file application against the corporate debtor in case of default in payment. As per language of Section 8 An operational creditor may, on the occurrence of a default, deliver a demand notice of unpaid operational debtor copy of an invoice demanding payment of the amount involved in the default to the corporate debtor in such form and manner as may be prescribed

Merger of Partnership Firms under Companies Act, 2013- Is it possible?

September 22, 2017 20130 Views 7 comments Print

A partnership firm can participate in a scheme of amalgamation only after converting itself into a company under section 366 of the Act. Since the vesting of properties and liabilities of such partnership firm to the company is by operation of law [Section 368 of the Act], the succession is exempt from capital gains tax pursuant to the provisions of section 47(xiii) of the Income Tax Act, 1961

Lodging of tax arrear claims and impleading as a party before NCLTs

September 20, 2017 1194 Views 0 comment Print

The Directorate looks after the cases of sick companies which require rehabilitation/ resolution of sickness. Previously the sick companies used to move Board for Industrial and Financial Reconstruction (BIER) under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Procedure for Restoration of Struck off Companies Under Companies Act, 2013

September 18, 2017 56595 Views 21 comments Print

CS Vipin Kumar Mittal Keeping in view of the Section 248 to 252 of the Companies Act, 2013 (the Act), as notified by Ministry of Corporate Affairs (MCA) w.e.f. 26th December, 2016 and Rule 87A of the National Company Law Tribunal (NCLT) (Amendment) Rules, 2017 as notified by MCA w.e.f. 5th July, 2017, I have […]

National Company law tribunal (NCLT) and Important role for PCS

September 17, 2017 6120 Views 0 comment Print

Government has Constituted 11 Benches of NCLT, out of which 2 will be the Principal Bench, which shall be Preside at New Delhi.And the regional bench territory authority is in Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai.

Reduction of Share Capital under Companies Act, 2013 and NCLT Rules, 2016

August 26, 2017 97359 Views 1 comment Print

Section 66 which is the governing provision for Reduction of Share Capital of a company is one amongst those sections notified on 07th December, 2016. Immediately, thereafter, MCA has further, notified the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016 on 15th December, 2016.

National Company Law Appellate Tribunal (Amendment) Rules, 2017

August 23, 2017 1593 Views 0 comment Print

“63. Appearance of authorised representative.- (1) Subject to provisions of section 432 of the Act, a party to any proceedings or appeal before the Appellate Tribunal may either appear in person or authorise one or more chartered accountants or company secretaries or cost accountants or legal practitioners or any other person to present his case before the Appellate Tribunal.

How to revive a company as per new NCLT amendment rules

July 31, 2017 10125 Views 0 comment Print

High percentage of non-compliance of the Companies Act and Rules, the Ministry of Corporate Affairs (MCA) with Registrar of Companies (ROC) had issued show cause notices to various companies. After that various companies received notice regarding removal of name of a company from the register of companies as per sub section (1) of section 248 of Companies Act, 2013 and rules 3 of the Companies Rules, 2016.

Snippet on taxability of capital reduction

July 28, 2017 17307 Views 0 comment Print

Capital reduction is a commonly adopted tool by companies for re-engineering their capital structure. The need for reducing share capital may arise owing to a number of reasons, such as returning excess funds to the shareholders, adjustment of accumulated losses, minority squeeze out, improving EPS, producing a more efficient capital structure, etc. In this article we have analysed the importance to understand the key tax aspects related to capital reduction.

Employees can approach NCLT for recovery of dues under IBC, 2016

July 27, 2017 9477 Views 0 comment Print

In general parlance, if we consider our global business, it is the fusion of Assets and Liabilities which generates the revenue or surplus or profit, whatever may be terms but finally ends up with one five letter word MONEY for the company.

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