Corporate Mania

                                   Any person who is aggrieved by the order of National Company Law Tribunal can file an Appeal before the NCLAT First of all we have to understand the power and jurisdictions of NCLT before institutions of Appeal in NCLAT; • Almost of the powers of the Company Law Board under the Companies Act, 1956/2013. • All the powers of BIFR for revival and rehabilitation of sick industrial companies; • Power of High Court in the matters of mergers, demergers, amalgamations, winding up, etc.; • Power to order repayment of deposits accepted by Non-Banking Financial Companies • Power to wind up companies; • Power to Review its own orders. NOW: PROCEDURE                                                     Institution of Appe...

Procedure of Appeals before NCLAT. Any aggrieved person can file an appeal before the National Company Law Appellate Tribunal against the order of NCLT. First of all we have to understand the power and jurisdictions of NCLT before institutions of Appeal in NCLAT; • Almost of the powers of the Company Law Board under the Companies Act, 1956/2013. • All the powers of BIFR for revival and rehabilitation of sick industrial companies; • Power of High Court in the matters of mergers, demergers, amalgamations, winding up, etc.; • Power to order repayment of deposits accepted by Non-Banking Financial Companies • Power to wind up companies; • Power to Review its own orders. Institution of Appeals – Procedure Every appeal to the Appellate Tribunal shall be in English and where it is in some other language, a copy of English Translation of appeals shall be attached and; Fairly and legibly type – written or printed in double spacing on one side of standard paper with an inner...