Author(s): Melveen Abhishek

Email(s): Email ID Not Available

DOI: Not Available

Address: Melveen Abhishek
4th Year, Hidayatullah National Law University, Near Abhanpur, Uperwara Post, Raipur
*Corresponding Author

Published In:   Volume - 2,      Issue - 1,     Year - 2014


ABSTRACT:
The Central Government in terms of Section 10(E) of the Companies Act, 1956 constituted an independent Company Law Board (CLB) vide Notification No. 364 dated the 31st May, 1991. The CLB is a quasi-judicial body, exercising equitable jurisdiction, which was earlier being exercised by the High Court or the Central Government. The Board has powers to regulate its own procedures. The Company Law Board has framed “Company Law Board Regulations 1991” prescribing the procedure for filing the applications/ petitions before it. The Central Government has also prescribed the fees for making applications/petitions before the Company Law Board, under the “Company Law Board, (Fees on applications and Petitions) Rules 1991”.The Board has its Principal Bench at New Delhi, and four Regional Benches located at New Delhi, Mumbai, Kolkata and Chennai. From 1st April 2008 onwards the matter falling under sections 247, 250, 269, 388B of the Companies Act, 1956 are being dealt with by the Principal Bench. The matter falling under sections 58AA, 79/80A, 111/111A, 113/113A, 117, 117C, 118, 144, 163, 167, 186, 196, 219, 235, 237(b), 247, 250, 269, 388B, 284, 304, 397/398, 408, 409, 614 and 621A of the Companies Act, 1956 and section 45QA of the Reserve Bank of India Act, 1934 are being dealt with by Regional Benches, namely New Delhi Bench, Kolkata Bench, Mumbai Bench and Chennai Bench consisting of one or more member.


Cite this article:
Melveen Abhishek . Removal of Director by CLB –An Insight. Int. J. Ad. Social Sciences 2(1): Jan. –Mar., 2014; Page 39-43.


Recomonded Articles:

Author(s): Melveen Abhishek

DOI:         Access: Open Access Read More

International Journal of Advances in Social Sciences (IJASS) is an international, peer-reviewed journal, correspondence in the fields....... Read more >>>

RNI:                      
DOI:  

Popular Articles


Recent Articles




Tags