Under Section 426 of the Companies Act, 2013, the NCLT has the power to:

Question

Accepted Answer

C. {'text': 'Delegate powers to any officer or employee or any person to inquire into the matter connected with any proceeding and report to it', 'label': 'C'}

1. Lesson 12 lists Section 426 in the powers table for Chapter XXVII.
2. The entry reads: "NCLT has the power to **delegate powers to any officer or employee or any person** to inquire into the matter connected with any proceeding and report to it."
3. Read with Section 429 (assistance of CMM/CJM/DC for taking possession of property), this gives the Tribunal an executory arm.
4. The other options describe powers not vested in NCLT under section 426.
_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': 'Immediately cancel the certificate of incorporation of the company 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': 'Immediately seize the assets of every director of the company 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': 'Immediately suspend the listing of the company on every stock exchange under any provision of any law in force in any State of India regardless of any other consideration of any kind', 'label': 'D'}