The Central Government has notified that a Bench of the National Company Law Tribunal will be set up in Jaipur which will be effective from July this year..The Central government, in exercise of its power under Section 419 (1) of the Companies Act, 2013, has set up this new Bench at Jaipur. The notification will take effect from July 1..In the absence of a National Company Law Tribunal, all the disputes under the Companies Act had to be heard by the Rajasthan High Court..During the hearing of a petition filed by the Rajasthan Bar Federation which was being heard by a Division Bench of the Rajasthan High Court, it was submitted that the High Court was flooded with Company law matters..According to this report, the Centre had informed the Rajasthan High Court in May, that the Ministry of Corporate Affairs had sanctioned the Jaipur Bench and the process of setting it up was going on..Read Notification:
The Central Government has notified that a Bench of the National Company Law Tribunal will be set up in Jaipur which will be effective from July this year..The Central government, in exercise of its power under Section 419 (1) of the Companies Act, 2013, has set up this new Bench at Jaipur. The notification will take effect from July 1..In the absence of a National Company Law Tribunal, all the disputes under the Companies Act had to be heard by the Rajasthan High Court..During the hearing of a petition filed by the Rajasthan Bar Federation which was being heard by a Division Bench of the Rajasthan High Court, it was submitted that the High Court was flooded with Company law matters..According to this report, the Centre had informed the Rajasthan High Court in May, that the Ministry of Corporate Affairs had sanctioned the Jaipur Bench and the process of setting it up was going on..Read Notification: