Home India Ministry of Corporate Affairs In exercise of the powers conferred by sub section 1 of sect...
Date: 2019-03-08 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of section 419 of the Companies Act

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, S.O. 1216(E), issued by the Ministry of Corporate Affairs on March 8, 2019, establishes the National Company Law Tribunal (NCLT) Indore Bench at Indore and the NCLT Amaravati Bench at Amaravati. This action is taken in exercise of the powers conferred by subsection 1 of section 419 of the Companies Act, 2013 (18 of 2013). The notification amends the earlier notification S.O. 1935(E) dated June 1, 2016, by omitting "State of Madhya Pradesh" in column 4 against serial number 2 and "State of Andhra Pradesh" in column 4 against serial number 8. It further inserts serial number 14, establishing the National Company Law Tribunal, Indore Bench for the State of Madhya Pradesh, and serial number 15, establishing the National Company Law Tribunal, Amaravati Bench for the State of Andhra Pradesh. The notification, identified as F.No. A-45011/44/2018-Ad.IV, comes into force on the date of its publication. The Joint Secretary, Anurag Agarwal, issued the notification. The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection ii, vide number S.O. 1935E, dated the 1st day of June, 2016 and subsequently amended vide number S.O. 345E, dated the 3rd February, 2017, number S.O. 3145 E, dated the 28th June, 2018, number S.O. 3430 E, dated the 12th July 2018 and number S.O. 3683 E, dated the 27th July 2018.

Key Entities Referenced

Companies Act, 2013: An Act of the Parliament of India that regulates Indian companies. National Company Law Tribunal: A quasi-judicial body in India that adjudicates issues relating to companies. Indore Bench: A bench of the National Company Law Tribunal located in Indore, Madhya Pradesh. Amaravati Bench: A bench of the National Company Law Tribunal located in Amaravati, Andhra Pradesh. Indore, Madhya Pradesh: The city and state in India where the Indore Bench of the NCLT is located. Amaravati, Andhra Pradesh: The city and state in India where the Amaravati Bench of the NCLT is located. Ministry of Corporate Affairs: The Indian government ministry responsible for regulating corporate affairs. Anurag Agarwal: Jt. Secy (Joint Secretary) in the Ministry of Corporate Affairs, signatory of the notification.
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