The **National Company Law Tribunal (NCLT)** was constituted under whi…

Question

The **National Company Law Tribunal (NCLT)** was constituted under which section of the Companies Act, 2013, and from which date?

Accepted Answer

D. {'text': 'Section 408 of the Companies Act, 2013, vide Notification S.O. 1935(E) dated 1st June 2016', 'label': 'D'}

1. Lesson 12 records that the NCLT was established under **Section 408 of the Companies Act, 2013** vide Notification **No. S.O. 1935(E) dated 1st June 2016**.
2. The Appellate Tribunal (NCLAT) was set up under **Section 410**.
3. The NCLT replaced the Company Law Board (CLB), Board for Industrial and Financial Reconstruction (BIFR) under SICA 1985, and other authorities.
4. The NCLT also exercises jurisdiction as Adjudicating Authority under Part II of the Insolvency and Bankruptcy Code, 2016.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 12 (Special Courts, Tribunal under Companies Act and other Legislations), pp. 273-283._

Answer

{'text': 'Section 140 of the Companies Act, 2013, vide Notification dated 1st January 2014 of the Central Government of India regardless of any other notification of any kind in any State of India', 'label': 'A'}

Answer

{'text': 'Section 458 of the Companies Act, 2013, vide Notification dated 1st January 2014 of the Central Government of India regardless of any other notification of any kind in any State of India', 'label': 'B'}

Answer

{'text': 'Section 248 of the Companies Act, 2013, vide Notification dated 1st April 2014 of the Central Government of India regardless of any other notification of any kind in any State of India', 'label': 'C'}