Friday, July 15, 2016

Govt notifies setting up of company law tribunal

The government has notified the setting up of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). This will comes into effect from June 1,2016. The Corporate Affairs Ministry (MCA) will soon come out with the final rules.

Retired judge M M Kumar would be the president of NCLT and retired judge S J Mukhopadhaya would take over as chairman of National Company Law Appellate Tribunal. Initially, NCLT will have 11 benches - two at New Delhi and one each at Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and Mumbai.

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