Under Section 221(1) of the Companies Act, 2013, the NCLT may order **…

Question

Under Section 221(1) of the Companies Act, 2013, the NCLT may order **freezing of assets** of the company on inquiry and investigation in case of complaint made by its members for a period of:

Accepted Answer

C. {'text': 'Three years', 'label': 'C'}

1. Lesson 12's powers table entry for Section 221(1) of the Companies Act, 2013 reads: "**To order freezing of assets** of company on inquiry and investigation in case of complaint made by its members, **for a period of three years**."
2. This power gives the NCLT a protective freezing tool during inspections under Chapter XIV.
3. The other options do not match the section.
_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': 'One year under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'A'}

Answer

{'text': 'Six months 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 years under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'D'}