CSEET · Business Laws and Management · Elements of Company Law
Under Section 408 of the Companies Act, 2013, which authority constitutes the National Company Law Tribunal (NCLT)?
The National Company Law Tribunal is constituted by the Central Government. Section 408 says the Central Government does so by notification, with effect from the date specified in it. The Supreme Court, the Registrar of Companies and SEBI have no such power of constitution.
- AThe Central Government, by notificationCorrect
- BThe Supreme Court of India
- CThe Registrar of Companies
- DThe Securities and Exchange Board of India
Explanation
Section 408 provides that the Central Government shall, by notification, constitute the National Company Law Tribunal with effect from a date specified in the notification. The other bodies named have no power to constitute it.
Did you get it right without looking?
One question tells you little. A timed set on Elements of Company Law shows your real accuracy, how long you take and where you lose marks.
More Elements of Company Law questions
- Sundaram Textiles Ltd issued shares carrying a preferential right to a fixed 9% dividend and to repayment of paid-up capital on winding up. …
- Consider these statements about a company's characteristics: I. A shareholder is the agent of the company by virtue of holding shares. II. A…
- Gopal Traders Ltd. altered its articles but issued 40 printed copies without noting the alteration. Under the Companies Act, 2013, what is t…
- Aarav Pvt Ltd is aggrieved by an order passed by the National Company Law Tribunal under the Companies Act, 2013. As per the Act, before whi…
- Match the share capital action in List I with the condition or feature in List II. List I: (P) Consolidation and division of shares, (Q) Sub…
- Statement I: Equity share capital, for a company limited by shares, means all share capital which is not preference share capital. Statement…