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With reference to National Company Law Tribunal (NCLT), consider the following statements:
1. It is a quasi-judicial body established under the Companies Act, 2013.
2. It is bound by the Code of Civil Procedure.
3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)1 and 2 only
- d)1, 2 and 3 only
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
With reference to National Company Law Tribunal (NCLT), consider the f...
National Company Law Tribunal:
- The Central Government constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013 in 2016. Hence, statement 1 is correct.
- It has been set up as a quasi-judicial body to govern the companies registered in India and is a successor to the Company Law Board.
- It is bound by the rules laid down in the Code of Civil Procedure and is guided by the principles of natural justice, subject to the other provisions of this Act and of any rules that are made by the Central Government. Hence, statement 2 is correct.
- The National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 to hear appeals against the orders of the National Company Law Tribunal (NCLT).
- Any person aggrieved by any order of the NCLAT may file an appeal to the Supreme Court. Hence, statement 3 is not correct.
Most Upvoted Answer
With reference to National Company Law Tribunal (NCLT), consider the f...
National Company Law Tribunal (NCLT)
Introduction:
The National Company Law Tribunal (NCLT) is a quasi-judicial body established under the Companies Act, 2013. It was constituted on June 1, 2016, and has jurisdiction over companies and limited liability partnerships (LLPs) in India.
Statements and their correctness:
1. It is a quasi-judicial body established under the Companies Act, 2013. - Correct
The statement is correct. The NCLT is a quasi-judicial body established under the Companies Act, 2013. It has been set up to adjudicate on matters related to companies and LLPs.
2. It is bound by the Code of Civil Procedure. - Correct
The statement is correct. The NCLT is bound by the Code of Civil Procedure, 1908, which is the main legislation governing civil procedure in India.
3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court. - Incorrect
The statement is incorrect. Any person aggrieved by any order of the NCLT may file an appeal to the National Company Law Appellate Tribunal (NCLAT) within 45 days of the date of the order. An appeal can be filed with the Supreme Court only if the NCLAT has given its approval or if there is a question of law involved.
Conclusion:
Therefore, the correct statements are statement 1 and statement 2. Statement 3 is incorrect.
Introduction:
The National Company Law Tribunal (NCLT) is a quasi-judicial body established under the Companies Act, 2013. It was constituted on June 1, 2016, and has jurisdiction over companies and limited liability partnerships (LLPs) in India.
Statements and their correctness:
1. It is a quasi-judicial body established under the Companies Act, 2013. - Correct
The statement is correct. The NCLT is a quasi-judicial body established under the Companies Act, 2013. It has been set up to adjudicate on matters related to companies and LLPs.
2. It is bound by the Code of Civil Procedure. - Correct
The statement is correct. The NCLT is bound by the Code of Civil Procedure, 1908, which is the main legislation governing civil procedure in India.
3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court. - Incorrect
The statement is incorrect. Any person aggrieved by any order of the NCLT may file an appeal to the National Company Law Appellate Tribunal (NCLAT) within 45 days of the date of the order. An appeal can be filed with the Supreme Court only if the NCLAT has given its approval or if there is a question of law involved.
Conclusion:
Therefore, the correct statements are statement 1 and statement 2. Statement 3 is incorrect.
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With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to National Company Law Tribunal (NCLT), consider the following statements:1. It is a quasi-judicial body established under the Companies Act, 2013.2. It is bound by the Code of Civil Procedure.3. Any person aggrieved by any order of the NCLT may file an appeal to the Supreme Court.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)1 and 2 onlyd)1, 2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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