Under Section 420 of the Companies Act, 2013, the NCLT may rectify any…

Question

Under Section 420 of the Companies Act, 2013, the NCLT may rectify any mistake apparent on the face of the record in any order passed by it within:

Accepted Answer

A. {'text': 'Two years from the date of the order', 'label': 'A'}

1. The powers table in Lesson 12 includes Section 420 of the Companies Act, 2013.
2. The entry reads: "NCLT can **rectify any mistake** in any order passed by it, within **2 years** from the date of order."
3. This is the rectification power equivalent to Section 152 CPC for civil courts but with a statutory two-year cap.
4. The shorter or longer periods listed in the other options do not appear in section 420.
_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': 'Thirty days from the date of the order under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'B'}

Answer

{'text': 'Six months from the date of the order under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'C'}

Answer

{'text': 'Five years from the date of the order under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'D'}