National company law tribunal

altacitglobal 8,535 views 14 slides Oct 01, 2016
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About This Presentation

National company law tribunal


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CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
LAKSHMINARAYANAN ALAGURAJA
ADVOCATE
ALTACIT GLOBAL
National Company Law Tribunal

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
National Company Law Tribunal
National Company Law Tribunal is a quasi-
judicial authority created under the Companies
Act, 2013 to handle corporate civil disputes
arising under the Act and was constituted on
June 01, 2016. It is an entity that has powers
and procedures like those vested in a court of
law or judge. The National Company Law
Tribunal has been constituted and by virtue of
Section 408 of Companies Act, 2013.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
National Company Law Appellate
Tribunal
National Company Law Appellate Tribunal is an
authority provided for dealing with appeals
arising out of the decisions of the Tribunal. The
decisions of Appellate Tribunal can further be
challenged in the Supreme Court. Any party
dissatisfied by any order of the Tribunal may
bring an appeal to contest that decision.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Notification
Provisions for constitution of National Company
Law Tribunal and National Company Law
Appellate Tribunal were notified on 1st June
2016. The powers of Company Law Board are
transferred to National Company Law Tribunal
and government will move powers of High
Courts and BIFR will also be vested with
National Company Law Tribunal by a separate
notification. New powers and functions are
vested with National Company Law Tribunal
along with transfer of powers.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Chairperson and President
Justice S J Mukhopadhaya, Judge (Retd),
Supreme Court of India, has joined as NCLAT
Chairperson while Justice M M Kumar, Judge
(Retd) has become President of NCLT.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Benches
National Company Law Tribunal has eleven
benches, two at New Delhi (one being the
principal bench) and one each at Ahmedabad,
Allahabad, Bengaluru, Chandigarh, Chennai,
Guwahati, Hyderabad, Kolkata and Mumbai.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Jurisdiction
1.National Company Law Appellate Tribunal – New
Delhi.
2.National Company Law Tribunal, Principal Bench, New
Delhi
3.National Company Law Tribunal, New Delhi Bench - (1)
State of Haryana, (2) State of Rajasthan, (3) Union
territory of Delhi.
4.National Company Law Tribunal, Ahmedabad Bench -
(1) State of Gujarat, (2) State of Madhya Pradesh, (3)
Union territory of Dadraand Nagar Haveli, (4) Union
territory of Daman and Diu.
5.National Company Law Tribunal, Allahabad Bench - (1)
State of Uttar Pradesh and (2) State of Uttarakhand.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Jurisdiction
6.National Company Law Tribunal, Bengaluru Bench - (1)
State of Karnataka.
7.National Company Law Tribunal, Chandigarh Bench -
(1) State of Himachal Pradesh, (2) State of Jammu and
Kashmir, (3) State of Punjab.(4) Union territory of
Chandigarh.
8.National Company Law Tribunal, Chennai Bench - (1)
State of Kerala, (2) State of Tamil Nadu, (3) Union
territory of Lakshadweep and (4) Union territory of
Puducherry.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Jurisdiction
9.National Company Law Tribunal, Guwahati Bench - (1)
State of Arunachal Pradesh, (2) State of Assam (3) State
of Manipur, (4) State of Mizoram, (5) State of Meghalaya,
(6) State of Nagaland, (7) State of Sikkim and (8) State of
Tripura.
10.National Company Law Tribunal, Hyderabad Bench - (1)
State of Andhra Pradesh and (2) State of Telangana.
11.National Company Law Tribunal, Kolkata Bench - (1) State
of Bihar, (2) State of Jharkhand, (3) State of Odisha, (4)
State of West Bengal (5) Union territory of Andaman and
Nicobar Islands.
12.National Company Law Tribunal, Mumbai Bench - (1)
State of Chhattisgarh, (2) State of Goa and (3) State of
Maharashtra.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Powers
National Company Law Tribunal has the power under the
Companies Act to adjudicate proceedings:
• initiated before the Company Law Board under the
previous act (the Companies Act 1956);
• pending before the Board for Industrial and Financial
Reconstruction, including those pending under the Sick
Industrial Companies (Special Provisions) Act 1985;
• pending before the Appellate Authority for Industrial
and Financial Reconstruction; and
• pertaining to claims of oppression and
mismanagement of a company, winding up of companies and
all other powers prescribed under the Companies Act.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Other powers

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Powers vested in NCLT
•Class Action
•Deregistration of Companies
•Oppression and Mismanagement
•Refusal to Transfer shares
•Deposits
•Reopening of Accounts & Revision of Financial Statements
•Tribunal Ordered Investigations
•Conversion of public company into private company
•Tribunal Convened AGM
•Compounding of Offence
•Change in Financial Year

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
Rules
1.National Company Law Tribunal Rules, 2016
2.National Company Law Appellate Tribunal
Rules, 2016
3.National Company Law Tribunal (Salary,
Allowances and other Terms and Conditions of
Service of President and other Members) Rules,
2015.
4.National Company Law Appellate Tribunal
(Salaries, Allowances and other Terms and
Conditions of Service of Chairperson and other
Members) Rules, 2015.

CHENNAI
III Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 24984821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
[email protected]
WEBSITE
www.altacit.com
THANK YOU FOR YOUR PATIENCE