National company law tribunal

CHENNAIIII 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

HYDERABADFlat No. A-701,

Brindavan Apartments,Niloufer Hospital Road,

Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009

COCHINSuite 49, 8th Floor, Centre A,

Alapatt Heritage Building,MG Road, Cochin – 682035

Tel: +91 - 484 - 6506216

[email protected]

WEBSITEwww.altacit.com

LAKSHMINARAYANAN ALAGURAJA

ADVOCATEALTACIT GLOBAL

National Company Law Tribunal



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


Jurisdiction

1. National Company Law Appellate Tribunal – New Delhi. 2. National Company Law Tribunal, Principal Bench, New

Delhi3. 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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


Other powers



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


Rules

1. National Company Law Tribunal Rules, 20162. National Company Law Appellate Tribunal Rules,

20163. 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.



Tel: +91 - 44 - 24984821



Bangalore - 560 001.Tel: +91 - 80 - 65462400


Coimbatore – 641018.Tel: +91 - 422 - 6552921






Tel: +91 - 484 - 6506216

[email protected]


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