Role Of NCLT Lawyers In Delhi

Written by:

Adv Samman Singh

Updated: 28-03-2024

NCLT: About

The NCLT is a quasi-judicial body that was established to handle civil issues involving corporations that originate from the Companies Act.
The authority and duties of NCLT under the 2013 Act and the preceding Companies Act, however, differed. The NCLT's constitutionality as well as several related Act sections were once again contested.
The NCLT's constitutional legitimacy was upheld by the Supreme Court; yet, certain of its provisions were declared to be unconstitutional.

Structure of NCLT

The NCLT is made up of judicial and technical members, and it is led by a president.
The technical members are chosen from among those with specific expertise or real-world experience in areas such as corporate law, finance, economics, or accountancy, while the judicial members are chosen from among those who have served as High Court judges or who meet the qualifications to do so.

Functions of NCLT

Company Registration as well as Incorporation: During the incorporation process, NCLT is able to investigate and, if required, revoke a company's registration, disputing the validity of the registration.
Transfer of Shares: NCLT is responsible for handling complaints involving the transfer of shares and securities and serves as an arbiter in these cases.
Deposits: Depositors can file a complaint with the NCLT to address concerns pertaining to their deposits and obtain corrections for errors or inconsistencies.
Power to Investigate: When required, the tribunal has the power to order investigations into the operations of businesses, guaranteeing a comprehensive review.
Freezing Company Assets: NCLT is able to freeze the assets of a company that it uses for the purpose of using them during an inquiry into the company's behaviour as well as to preserve them for any future actions.
Change of Company Type: The NCLT, which oversees and controls the process of such conversions, must provide its approval before a public limited company can decide to become a private limited company.
Reviving a Strike-Off Company: The NCLT has the authority to hear the company's arguments and determine if the law justifies the company's revival.

Role of NCLT Lawyers in Delhi: Sharks of Law

Compliance with Regulatory Authorities: In order to guarantee compliance with regulatory authorities, NCLT Lawyers in Delhi take the initiative. They facilitate appropriate documentation, keep abreast of legislative developments, and put into effect procedures that are in line with the changing demands of regulatory bodies.
Representation to Regulatory Authorities: Throughout contacts between companies and regulatory agencies, corporate law consultants serve as strategic intermediaries, guaranteeing adherence to legal requirements. NCLT Lawyers in Delhi offer organizations involved in a variety of activities invaluable legal advice. They help people navigate the legal system effectively by providing advice on transactions, contracts, and day-to-day operations.
NCLT and Corporate Governance: A successful firm is built on a strong foundation of corporate governance. NCLT Lawyers in Delhi are essential in providing guidance on corporate governance concepts, monitoring adherence to rules, and defending companies in NCLT proceedings pertaining to corporate governance.

In India, the NCLT is a key player in the settlement of conflicts involving corporate law. Its creation has aided in cutting down on delays and guaranteeing uniformity in the way corporate dispute laws are applied. Although the NCLT has come a long way in terms of conflict resolution, there is always room for improvement.

Sharks of Law is a one-stop legal destination of repository of NCLT lawyers’ expertise in NCLT laws possessing the highest legal qualifications in NCLT matters. This law firm can help you find a lawyer that meets your legal needs. The legal professionals at Sharks of Law have the necessary experience to offer you legal consultation in the areas of NCLT matters where you need it.

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