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B Com Exam  >  B Com Test  >  Company Law  >  Test: National Company Law Tribunal (NCLT) Part 1 - B Com MCQ

National Company Law Tribunal (NCLT) Part 1 - B Com Free MCQ Test


MCQ Practice Test & Solutions: Test: National Company Law Tribunal (NCLT) Part 1 (10 Questions)

You can prepare effectively for B Com Company Law with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: National Company Law Tribunal (NCLT) Part 1". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: National Company Law Tribunal (NCLT) Part 1 - Question 1
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Which section of the Companies Act, 2013 contains the provisions for the constitution of the National Company Law Tribunal (NCLT)?

Detailed Solution: Question 1

The provisions for the constitution of the National Company Law Tribunal (NCLT) are contained in Section 408 of the Companies Act, 2013. According to this section, the Central Government is responsible for constituting the NCLT with a President and a specified number of Judicial and Technical members. The NCLT is given the authority to exercise and discharge powers and functions conferred by the Act or any other law.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 2
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What is the minimum qualification required for appointment as a Judicial Member of the National Company Law Tribunal (NCLT)?

Detailed Solution: Question 2

A person can be appointed as a Judicial Member of the NCLT if they fulfill any one of the following qualifications:A judge of a High CourtA District Judge for at least five yearsAn advocate of a court for at least ten years

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Test: National Company Law Tribunal (NCLT) Part 1 - Question 3
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What is the role of the Chairperson of the National Company Law Appellate Tribunal (NCLAT)?

Detailed Solution: Question 3

The Chairperson of the National Company Law Appellate Tribunal (NCLAT) is responsible for presiding over the hearings conducted by the Appellate Tribunal. The NCLAT is designated to hear appeals against the orders of the NCLT.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 4
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Which selection committee is responsible for recommending the appointment of Technical Members of the Appellate Tribunal?

Detailed Solution: Question 4

The selection committee responsible for recommending the appointment of Technical Members of the Appellate Tribunal consists of various members, including the Secretary in the Ministry of Corporate Affairs. The committee also includes members from the judiciary and relevant government departments.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 5
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What is the term of office for a Member of the National Company Law Tribunal (NCLT)?

Detailed Solution: Question 5

A Member of the National Company Law Tribunal (NCLT) holds office for a term of five years from the date they enter upon their office. They are eligible for reappointment for another term of five years.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 6
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In case of a vacancy in the office of the President or Chairperson of the Tribunal, who acts as their replacement?

Detailed Solution: Question 6

In the event of a vacancy in the office of the President or Chairperson of the Tribunal, the senior-most Member takes on the role of the President or Chairperson, respectively, until a new appointment is made.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 7
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What is the maximum age limit for a Member of the Appellate Tribunal (except the Chairperson)?

Detailed Solution: Question 7

A Member of the Appellate Tribunal (excluding the Chairperson) holds office until they attain the age of sixty-five years. The Chairperson, however, can hold office until the age of seventy years.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 8
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Who determines the salary, allowances, and other terms of service of the Members of the Tribunal and the Appellate Tribunal?

Detailed Solution: Question 8

The salary, allowances, and other terms of service of the Members of the Tribunal and the Appellate Tribunal are determined by the Central Government. These terms are prescribed by the government, and they cannot be varied to the disadvantage of the Members after their appointment.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 9
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How many Benches of the Tribunal can be constituted by the Central Government?

Detailed Solution: Question 9

The Central Government has the authority to constitute a specific number of Benches of the Tribunal. In this case, the government has constituted eleven Benches of the National Company Law Tribunal (NCLT) across different cities in India.

Test: National Company Law Tribunal (NCLT) Part 1 - Question 10
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Under which section of the Companies Act, 2013 can a Member of the Tribunal, Appellate Tribunal, or Chairperson be removed from office?

Detailed Solution: Question 10

The removal of a Member of the Tribunal, Appellate Tribunal, or Chairperson is governed by Section 417 of the Companies Act, 2013. The Central Government, after consultation with the Chief Justice of India, can remove a Member or Chairperson for various reasons specified in the section. The concerned individual is provided a reasonable opportunity to be heard before removal.

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About this B Com Practice Test

This test contains 10 MCQs on National Company Law Tribunal (NCLT) Part 1 with detailed solutions for each question. It is part of the Company Law course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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