ICSI Challenges Ahead
Opportunities
Ahead
National Company Law
Tribunal
lAbolition of present Company Law Board (CLB). Matters pending with CLB will be transferred to NCLT.
lPowers of High Court relating to reduction of capital, amalgamation and reconstruction and winding up will be transferred to the ‘Tribunal’.
lJurisdiction of civil court barred where jurisdiction is
available to NCLT.
lFirst Appeal lies to National Company Law Appellate Tribunal
lNext Appeal Lies to Supreme Court