Handling Corporate Disputes Under Company Law 2013
The Companies Act, 2013 established specific bodies to handle matters related to corporate disputes more efficiently.
Role of NCLT in Corporate Disputes
The National Company Law Tribunal (NCLT) is the designated authority for resolving corporate disputes in India as per the Company Law 2013.
- The NCLT was set up to adjudicate issues concerning companies, including mergers, amalgamations, oppression, and mismanagement.
- It replaced multiple other forums, consolidating jurisdiction over company law matters.
- Key provisions of the Company Law 2013 empower the NCLT to handle specific cases previously dealt with by High Courts or Company Law Boards.
Therefore, for corporate disputes governed by the Company Law 2013, the NCLT is the competent body.
Similar Questions
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Important Questions from Non-Constitutional Bodies/Statutory bodies
Which of the following is a non-constitutional body of India?
Which of the following statements about the National Human Rights Commission is correct?
- In India, the responsibility of conducting the decadal census rests with which ministry?
As per the Cabinet Resolution of 1st January, 2015, the NITI Aayog consists of:
1. Prime Minister of India
2. Governing Council comprising of Chief Minister of all the States and Lieutenant Governors of Union Territories
3. Rural Development Minister4. Chief Executive Officer to be appointed by the Prime Minister
Select the correct answer using the code given below:
Which one of the following statements about the Solicitor General of India (SGI) is not correct?
