#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION241 #APPLICATION #OPPRESSION #RULE81 #RULE82 #RULE88 01. Any employee who raises a grievance against (Refer to the 2016 National Company Law Tribunal Rules, Rules 81 and 82.) The company's affairs have been or are being conducted in a way that is harmful to the public interest, harmful to him or any other member (meaning the person who signed the company's memoran

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION240 #LIABILITY #MERGER #AMALGAMATION Any officer (including any director, manager, or key managerial staff, as well as any individual who the Board of Directors or one or more of the directors are or are used to acting by when making decisions)[1] of the transferor corporation who violated the terms of this Act prior to the merger, amalgamation, or acquisition sha

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION239 #PRESERVATION #AMALGAMATEDCOMPANIES The books and papers (include all physical or digitally stored books of account, deeds, vouchers, writings, documents, minutes, and registers) of a company (denotes a business that was founded by this Act or previous company legislation) which has been amalgamated with, or whose shares (signifies a share in a company's share

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION238 #REGISTRATION #TRANSFEROFSHARES #SCHEMES 01. For any offer of a plan or agreement involving the transfer of shares (signifies a share in a company's share capital, which also includes stock)[1] or any class of shares from the transferor business to the transferee company under section 235, Every circular conveying such an offer and the recommendation by the tr

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION232 #MERGER #AMALGAMGATION 01. Where an application (Refer to Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016, rules 18 and 19) is made to the Tribunal (National Company Law NCLT- NCLT[1] is a quasi-judicial[2] body which is authorised for dealing with the corporate disputes which are civil and arising under the Companies Act) under section 23

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION229 #BODYCORPORATE #BOARDOFDIRECTORS #SECTION447 When a person is asked to explain themselves or make a statement as part of an inspection, inquiry, or investigation, or when an officer (including any director, manager, or key managerial staff, as well as any individual who the Board of Directors or one or more of the directors are or are used to acting by when ma

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION228 #MUTATISMUTANDIS #INVESTIGATION #FOREIGNCOMPANIES As in this chapter mutatis mutandis ("with the required changes" or "all essential changes have been made." Mutatis mutandis means that while some adjustments may be required to adapt to various circumstances, the core idea will not alter. Contracts employ the word mutatis mutandis to incorporate clauses from o

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION227 #LEGALADVISERS #INFORMATION Nothing in this Chapter shall require the disclosure to the Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body which is authorised for dealing with the corporate disputes which are civil and arising under the Companies Act), the Central Government, the Registrar (implies a Registrar, Additional Registrar, J

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION226 #VOLUNTARYWINDINGUP #STOPINVESTIGATION An investigation under this Chapter may be started regardless of the following, and no such inquiry shall be halted or postponed just because— A request has been submitted by section 241[1]; A special resolution for the company's voluntary winding up has been adopted; or The Tribunal (National Company Law Tribunal- NCLT[2

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION225 #SECTION213 #INVESTIGATION 01. The Central Government shall initially cover the costs of and incidentals to an investigation by an inspector appointed by it under this Chapter, other than the costs of an inspection under section 214[1], but the following parties shall reimburse the Central Government to the extent specified below, namely: Any person who is fou

#COMPANYLAW #COMPANYACT2013 #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL #SECTION224 #ELEVENTHSCHEDULE #RULE88 01 The Central Government may prosecute the person for the offence if it appears from an inspector's report made under section 223[1] that the person has violated any law concerning the company, any other body corporate (including an organization formed outside of India, but excludes the following: cooperative societies registered und

#CivilCourt #Section430 #CompaniesAct #Jurisdiction #NCLT #NCLAT According to Section 430 of the Act, No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this Act or any other law currently in force. No injunction shall be granted by any court or other authority in respect of any action taken or taken by the Tribunal or the Appellate Tribunal in p

#SECTION424 #PROCEDURE #EVIDENCEACT #INDIANPENALCODE #CODEOFCRIMINALPROCEDURE #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL 01. The Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body that is authorized to deal with the corporate disputes which are civil and arising under the Companies Act) and the Appellate Tribunal (National Company Law Appellate Tribunal- NCLAT[3]) shall not be bound by the procedure laid

#SECTION423 #SUPREMECOURT #APPELLATETRIBUNAL #SIXTYDAYS #60DAYS #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL Any individual who is aggrieved by an Appellate Tribunal (National Company Law Appellate Tribunal- NCLAT[1]) order may file an appeal with the Supreme Court within sixty days of receiving the NCLAT's order on any matter of law arising out of order: However, the Supreme Court may, if satisfied that the appellant was prevented

#SECTION422 #EXPEDITIOUSDISPOSAL #TRIBUNAL #APPELLATETRIBUNAL #APPLICATION #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL Every application or petition presented to the Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body that is authorized to deal with the corporate disputes which are civil and arising under the Companies Act), and every appeal filed with the Appellate Tribunal (National Company Law Appellate

#SECTION 421 #APPEAL #45DAYS #FORM1 #FORM2 #RULE19 #RULE20 #RULE21 #RULE22 #RULE23 #RULE24 #RULE25 #RULE26 #RULE27 #RULE28 #RULE29 #RULE30 #RULE31 #RULE32 #NATIONALCOMPANYLAWTRIBUNAL #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL Any person who is aggrieved by a Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body that is authorized to deal with the corporate disputes which are civil and arising under the Comp

#SECTION420 #ORDERS #RULE60 #RULE61 #RULE62 #NATIONALCOMPANYLAWTRIBUNALRULE #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL The Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body that is authorized to deal with the corporate disputes which are civil and arising under the Companies Act) may make such rules (Matters relating to the judgment or orders of the Tribunal, Amicus Curiae[3] and Recusal) as it sees fit

#SECTION419 #BENCHES #JUDICIALMEMBERS #TECHNICALMEMBERS #INSOLVENCYANDBANKRUPTCYCODE #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL The Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body that is authorized to deal with the corporate disputes which are civil and arising under the Companies Act) shall be divided into such number of Benches as the Central Government may specify by notification[3]. The Principal

#SECTION418 #STAFF #TRIBUNAL #APPELLATETRIBUNAL #PRESIDENT #COMPANYLAW #NCLT #NATIONALCOMPANYLAWTRIBUNAL #NCLAT #NATIONALCOMPANYLAWAPPELLATETRIBUNAL In this section, it talks about - The Central Government the consultation with the Tribunal (National Company Law Tribunal- NCLT[1] is a quasi-judicial[2] body that is allowed for dealing with the corporate disputes which are civil and arising under the Companies Act) and the Appellate Tribunal (National Company Law Appellate Tri

#rule63 #nclat #rules #companiesact2013 Rule 63 of the National Company Law Appellate Tribunal Rules, 2016, dealing with the appearance of authorized representatives, has now been amended by the National Company Law Appellate Tribunal (Amendment) Rules, 2017. As per this amendment, the following rule has been substituted in place of rule 63: A party to any proceedings or appeal before the Appellate Tribunal may appear in person or authorize one or more chartered accountants,