NCLT MATTERS
4.7
77 - Reviews
NCLT MATTERS
128 People purchased
NCLT MATTERS
4.7 (77 - Reviews)
128 People purchased
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Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
Understand the service & proceed for booking
Provide basic details and proceed for payment
After payment completion, We will call you to discuss the requirement
Your service will be delivered within agreed turnaround time
NCLT MATTERS:
Section 408 of the Companies Act 2013, talks about the National Company Law Tribunal (NCLT) which was setup by the Central Government. It has been set up as a quasi-judicial body to govern the companies registered in India .
Scope Of NCLT:
The National Company Law Tribunal (NCLT) invests in itself all the powers to govern the companies registered in India. With the establishment of the NCLT and NCLAT, the Company Law Board under the Companies Act, 1956 has now been dissolved.
Advantages:
- NCLT is a specialised court only for Corporates.
- This will be no more than a Tribunal for the Company Members irrespective of any post.
- It will reduce the multiplicity of litigation before different forums and courts.
- It has multiple branches and is able to provide justice at a close range.
- It consists of both judicial and technical members while deciding on matters.
- The time taken to wind up a company is reduced.
- Speedy disposal of cases will reduce the number of cases.
- NCLT & NCLAT shall have exclusive jurisdiction.
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