|
National Company Law Tribunal
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies. All proceedings under the Companies Act, including proceedings relating to arbitration, compromise, arrangements, reconstructions and winding up of companies, are to be before the National Company Law Tribunal (NCLT). The NCLT bench is chaired by a Judicial member, who is to be a serving or retired High Court Judge, and a Technical member, who must be from the Indian Corporate Law Service (ICLS) cadre. The National Company Law Tribunal is the adjudicating authority for the insolvency resolution process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code, 2016. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quasi-judicial Body
A quasi-judicial body is a non-judicial body which can interpret law. It is an entity such as an arbitration panel or tribunal board, which can be a public administrative agency (not part of the judicial branch of government) but also a contract- or private law entity, which has been given powers and procedures resembling those of a court of law or judge and which is obliged to objectively determine facts and draw conclusions from them so as to provide the basis of an official action. Such actions are able to remedy a situation or impose legal penalties, and they may affect the legal rights, duties or privileges of specific parties.''West's Encyclopedia of American Law'', edition 2. Copyright 2008 The Gale Group, Inc. Powers Such bodies usually have powers of adjudication in such matters as: * breach of discipline * conduct rules * trust in the matters of money or otherwise * commercial and investment disputes Their powers are usually limited to a very specific area of expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chennai
Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and territories of India, state of India. It is located on the Coromandel Coast of the Bay of Bengal. According to the 2011 Census of India, 2011 Indian census, Chennai is the List of most populous cities in India, sixth-most-populous city in India and forms the List of million-plus urban agglomerations in India, fourth-most-populous urban agglomeration. Incorporated in 1688, the Greater Chennai Corporation is the oldest municipal corporation in India and the second oldest in the world after City of London Corporation, London. Historically, the region was part of the Chola dynasty, Chola, Pandya dynasty, Pandya, Pallava dynasty, Pallava and Vijayanagara Empire, Vijayanagara kingdoms during various eras. The coastal land which then contained th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Company Law Appellate Tribunal
The National Company Law Appellate Tribunal (NCLAT) is a tribunal which was formed by the Central Government of India under Section 410 of the Companies Act, 2013. The NCLAT was formed as a body with an appellate jurisdiction at the same time when NCLT was established as a major reform as per powers granted to the Ministry of Corporate Affairs in India. The tribunal is responsible for hearing appeals from the orders of National Company Law Tribunal(s) (NCLT), starting on 1 June 2016. The tribunal also hears appeals from orders issued by the Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC. It also hears appeals from any direction issued, decision made, or order passed by the Competition Commission of India (CCI) and the National Financial Reporting Authority (NFRA). On 8 November 2021, Justice Ashok Bhushan has been appointed as the Chairperson of the Appellate Tribunal. History and objective National Company Law Appellate Tribunal was fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board For Industrial And Financial Reconstruction
The Board for Industrial and Financial Reconstruction (BIFR) was a development finance institution under the ownership of Ministry of Finance (India), Ministry of Finance, Government of India, part of the Department of Financial Services of the Ministry of Finance (India), Ministry of Finance. Set up in January 1987 by the Second Rajiv Gandhi ministry, Rajiv Gandhi government, its objective was to determine Industrial sickness, sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the First Modi ministry, Narendra Modi government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code. History The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Act 1956
The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. It was repealed and replaced by the Companies Act 2013. History The Act was administered by the Government of India through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) handles incorporation of new companies and the administration of running companies. Since its commencement, it was amended many times, in which amendment of 1988, 1990, 1996, 2000 , 2011 & 2013 were notable. Types of companies There are 11 types of registrations for a company under the Companies Act 1956. * Private company * Public company * Companies limited by shares * Companies limited by guarantee * Unlimited company * Section 25 company * Gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Company Law Tribunal
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies. All proceedings under the Companies Act, including proceedings relating to arbitration, compromise, arrangements, reconstructions and winding up of companies, are to be before the National Company Law Tribunal (NCLT). The NCLT bench is chaired by a Judicial member, who is to be a serving or retired High Court Judge, and a Technical member, who must be from the Indian Corporate Law Service (ICLS) cadre. The National Company Law Tribunal is the adjudicating authority for the insolvency resolution process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code, 2016. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
R Sudhakar
Ramalingam Sudhakar is an Indian Judge. He is former Chief Justice of Manipur High Court. He is also former Chief Justice, Acting Chief Justice of Jammu and Kashmir High Court and Judge of Jammu and Kashmir High Court and Madras High Court. He was born on 14 February 1959 and hails from Panapakkam Village, Vellore District in Tamil Nadu. He was overlooked and V. Ramasubramanian was chosen over him as a Supreme Court Judge. The Central Government has approved the appointment of former Chief Justice of Manipur High Court, Justice Ramalingam Sudhakar as the president of the National Company Law Tribunal (NCLT) for a period of five years in October 28, 2021. Justice Sudhakar has been appointed for a period of five years from the date of appointment or till he attains the age of 67 or until further orders, whichever is earlier. Education Sudhakar had his early schooling done in Don Bosco Matriculation School, Egmore, Chennai. He graduated from St. Mary’s Higher Secondary School, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indore
Indore (; ISO 15919, ISO: , ) is the largest and most populous Cities in India, city in the Indian state of Madhya Pradesh. The commercial capital of the state, it has been declared as the List of cleanest cities in India, cleanest city of India 7 times in a row. It is also considered the largest education hub in central India and houses campuses of both the Indian Institute of Technology Indore, Indian Institute of Technology and the Indian Institute of Management Indore, Indian Institute of Management. Indore had a population of 5,560,000 (urban agglomeration) in 2025.The Indore Metropolitan Region now encompasses a total area of 9989.69 sq km covering Indore, Ujjain, Dewas, Pithampur. Indore Pithampur, ranked among India’s top 5 industrial hubs, is a major center for automotive and pharmaceutical manufacturing. With 1,000+ factories and NATRAX, Asia’s longest test track, it drives central India’s industrial growth. Located on the southern edge of Malwa, Malwa Plateau, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25 crore). Mumbai is the centre of the Mumbai Metropolitan Region, the seventh-most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. Mumbai has the highest number of billionaires out of any city in Asia. The seven islands that constitute Mumbai were earlier home to communities of Marathi language-speaking Koli people. For centuries, the seven islands of Bombay were under the control of successive indigenous rulers before being ceded to the Portuguese Empire, and subsequently to the East India Company in 1661, as part of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolkata
Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary financial and commercial centre of eastern and northeastern India. Kolkata is the seventh most populous city in India with an estimated city proper population of 4.5 million (0.45 crore) while its metropolitan region Kolkata Metropolitan Area is the third most populous metropolitan region of India with a metro population of over 15 million (1.5 crore). Kolkata is regarded by many sources as the cultural capital of India and a historically and culturally significant city in the historic region of Bengal.————— The three villages that predated Calcutta were ruled by the Nawab of Bengal under Mughal suzerainty. After the Nawab granted the East India Company a trading license in 1690, the area was developed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kochi
Kochi ( , ), List of renamed Indian cities and states#Kerala, formerly known as Cochin ( ), is a major port city along the Malabar Coast of India bordering the Laccadive Sea. It is part of the Ernakulam district, district of Ernakulam in the state of Kerala. The city is also commonly referred to as Ernakulam. As of 2011, the Kochi Municipal Corporation had a population of 677,381 over an area of 94.88 km2, and the larger Kochi metropolitan area, Kochi urban agglomeration had over 2.1 million inhabitants within an area of 440 km2, making it the largest and the Demographics of Kerala#Most populous urban agglomerations, most populous Kochi Metropolitan Area, metropolitan area in Kerala. Kochi city is also part of the Greater Cochin development region and is classified as a Tier-II city by the Government of India. The civic body that governs the city is the Kochi Municipal Corporation, which was constituted in the year 1967, and the statutory bodies that oversee its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jaipur
Jaipur (; , ) is the List of state and union territory capitals in India, capital and the List of cities and towns in Rajasthan, largest city of the north-western States and union territories of India, Indian state of Rajasthan. , the city had a population of 3.1 million, making it the List of cities in India by population, tenth most populous city in the country. Located from the national capital New Delhi, Jaipur is also known as the ''Pink City'' due to the dominant color scheme of its buildings in the old city. Jaipur was founded in 1727 by Sawai Jai Singh, Sawai Jai Singh II, the Kachhwaha, Kachhwaha Rajput ruler of Amer, India, Amer, after whom the city is named. It is one of the earliest planned cities of modern India, designed by Vidyadhar Bhattacharya. During the British Raj, British colonial period, the city served as the capital of Jaipur State. After Independence of India, Indian independence in 1947, Jaipur became the capital of the newly formed state of Rajas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
