Company Law Board

Company Law Board

The Company Law Board is an independent quasi-judicial body in India which has powers to overlook the behaviour of companies within the Company Law. The concept of Company Law Board in its present form was introduced through an amendment to the Companies Act of 1956 in the year 1988. It was constituted in its present form on May 31, 1991.

Who can Refer Dispute to Company Law Board

  • The Board has its Regional Benches at Mumbai, Calcutta, Chennai & New Delhi besides the Principal Bench at New Delhi and another Principal branch for Southern States at Chennai. The matters falling under section 247, 250, 269, and 388B of Companies Act are dealt with by the Principal Bench at New Delhi.
  • The Regional Benches are mainly concerned with petitions/applications under sections 17, 18, 19, 58A(9), 58AA(1), 79/80A, 111,111A, 113/113(3), 117, 117C, 118(3), 141, 144(4), 163, 167, 186, 196, 219/219(4), 235, 237(b), 269, 284, 284(4), 304, 307,397/398, 408, 409, 614, 621A, 634A, of the Companies Act, 1956 and matters falling under Chapter VI of Part VI of the Companies Act, 1956 and Section 45QA of the Reserve Bank of India Act, 1934.
  • The matters falling under section 45QA of the Reserve Bank of India Act, which were earlier within the purview of the RBI, have now been entrusted to the Company Law Board. The Central Government have accordingly amended RBI Act giving powers to the Company Law Board to deal with the applications filed by the aggrieved depositors of Non-Banking Financial Companies (NBFCs) under section 45QA of the RBI Act, 1934. It is one of the branches of high court with the tribunal being the other one.

What we Provide:

Our advisory services aim to ensure strict compliance with relevant regulation while ensuring that the business needs of the clients are addressed in an optimum manner.

Company Legal Compliance is now viewed as a separate service because of its complexity and because it is quite time consuming. We help firms interpret and comply with the rules and regulations in order for them to continue to operate in their chosen sectors. There are many sections of the Companies Act where we are in a position to provide guidance and/or assistance with interpretation pertaining to Company Law Consultancy Services offered by us include.

  • Winding up of Company& Filing of winding up petition under Section 270, 272 of Companies Act, 2013;
  • Company secretarial matters such as the necessary companies filings;
  • Matters affecting share capital and distributions;
  • Statutory provisions relating to various meetings like Board Meetings, Statutory Meetings;
  • Seeking Licenses and Approvals for start-up;
  • Capital Raising Transactions and Support Services;
  • Petitions to Company Law Board;
  • Company Law Compliance and Appeals;
  • SEBI Regulations and Compliance;
  • Advise on Company Law Board.