The Ministry of Corporate Affairs (MCA) vide notification no. S.O. 1932(E) and S.O.1933(E)dated June 1, 2016 notified constitution of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT).
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We all are aware of the basic concept that incorporation of any private company needs minimum of 2 directors and 2 members. Whereas, incorporation of any public company needs minimum of 3 directors and 7 members. The said minimum required was a major hurdle for any person who individually wants to incorporate a company.
Description: The trend around the world is to create the business processes rational and change the legislation close them. This contribution is thanks to the employment of knowledge technology and transmission that has resulted in rushing business transactions and creating them internationally. Right now, the time is sweet enough for dispensing justice and disposal of business problems by the authorities and court that aligns with the dealings of companies. additionally, to the current, many business problems need special data of the domain whereas handling matters within the right manner. In this Video, You will get to Know about the Role Of Company Law And Secretarial Practice In NCLT And NCLAT.
The NCLT provides complete coverage of the Companies Act 2013, Companies Act 1956 and related rules, notifications, circulars, orders, forms etc. https://www.nclt.in/about.php
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Saxena Law Chambers has its roots firmly grounded in history going back to the year 1932 when Late Adv Shyam Bihari Lal Saxena started practising the noble profession, a renowned law firm based in Rajasthan operating in the Honourable High Court of Rajasthan and other subordinates’ courts and tribunals. Starting from beginning a family tradition of more than 92 years. It was carried forward by his nephew Late Adv Kanhaiya Lal Ji Saxena. Mr Shyam Bihari Lal Ji Saxena was mayor of Jaipur City for two consecutive terms and to protest the shifting of the Bench, he surrendered his municipal corporation’s membership and was also jailed in this connection. He was an accomplished social worker connected with many social & religious organizations. He has been the President of the Rajasthan High Court Bar Association, Jaipur and 3 year consecutive President of Jaipur Bar Association which is Asia's largest bar associationb
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