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CS Executive · Company Law and Practice · Introduction to Company Law

Under the Companies Act, 2013, what happened to the Company Law Board (the Board of Company Law Administration constituted under the Companies Act, 1956)?

The Company Law Board stood dissolved on the constitution of the Tribunal and the Appellate Tribunal under section 466(1). It was replaced by those bodies rather than continuing as an appellate authority or being merged into another office.

  1. AIt stood dissolved on the constitution of the Tribunal and the Appellate TribunalCorrect
  2. BIt continues to function alongside the Tribunal as an appellate body
  3. CIt was merged into the Registrar of Companies' office
  4. DIt was converted into the Serious Fraud Investigation Office

Explanation

Section 466(1) provides that the Company Law Board stands dissolved on the constitution of the Tribunal and the Appellate Tribunal. It does not continue as an appellate body, nor is it merged into any other office.

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