The Central Government has constituted National Company Law Tribunal (NCLT) under section.....of the Companies Act, 2013.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Central Government has constituted National Company Law Tribunal (NCLT) under section____of the Companies Act, 2013.

A	section 8
B	section 502
C	section 102
D	section 408

Explanation:

Detailed explanation-1: -408. Powers of Government to prevent oppression or mismanagement.

Detailed explanation-2: -Section 408 of the Act empowers the Central Government to appoint such number of persons on the Board of the company as directed by Company Law Board on the reference /application made by the Government to safeguard the interests of the company or its shareholders or the general public .

Detailed explanation-3: -National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.

Detailed explanation-4: -The National Company Law Tribunal was setup by the Central Government in 2016 under Section 408 of the Companies Act, 2013. The National Company Law Tribunal has been setup as a quasi-judicial body to govern the companies registered in India and is a successor to the Company Law Board.

There is 1 question to complete.