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Corporate Law : Supreme Court ruled that CoC and RP can surrender financially burdensome assets voluntarily, clarifying moratorium under section 1...
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The Ministry vide notification no. G.S.R. 2843(E), dated 01.09.2016 has notified certain designated Special Courts with the concurrence of the Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and Manipur, for providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013.
1. Short title and commencement.- (1) These rules may be called the National Company Law Tribunal Rules, 2016. (2)They shall come into force on the date of their publication in the Official Gazette.
1. Short title and commencement.- (1) These rules may be called the National Company Law Appellate Tribunal Rules, 2016. (2)They shall come into force on the date of their publication in the Official Gazette.
Consequent to the notification no. S.O. 1935 (E) dated 1.6.2016 issued by the Central Government, Ministry of Company Affairs following criteria has been laid down for listing of the matters before the National Company Law Tribunal, Principal Bench and National Company Law Tribunal, New Delhi Bench.
The Tribunal shall consist of a President and such number of Judicial and Technical Members as may be required. The Principal Bench shall be located at New Delhi which shall be presided over by the President. The powers of the Tribunal shall be exercised by Benches (which shall be notified by the Central Government) consisting of two members, one being the Judicial Member and the other a Technical Member.
Analysis of Notifications dated 01.06.2016 related to Companies Act, 2013 in respect of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) Which Come Into Force w.e.f. 01st June, 2016
W.E.F. June 01, 2016 Government constituted the Benches of National Company Law Tribunal and hence, the Central Government vide Notification No. S.O. 1934(E) subject to the provisions of Companies Act, 2013, has declared 01.06.2016 as the date on which the provisions of the companies act shall come into force. These are the provisions, which yet […]
There will be a vacation in The National Company Law Tribunal from 06.06.2016 to 01.07.2016. However the Vacation Bench shall be available for urgent hearing as per the following Schedule:
Govt constitutes National Company Law Appellate Tribunal (NCLAT) for hearing appeals against orders of National Company Law Tribunal (NCLT).
283 Sections of the Companies Act, 2013 have already been commenced. Remaining sections related to functioning of NCLT/NCLAT and certain other authorities are yet to be notified. In view of the Supreme Court order dated 14 th May, 2015, the process for constitution of NCLT/NCLAT has been undertaken and these bodies are likely to be set up shortly.
