International Journal of Advances in Social Sciences

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Removal of Director by CLB –An Insight


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1 Hidayatullah National Law University, Near Abhanpur, Uperwara Post, Raipur, India
     

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The Central Government in terms of Section 10(E) of the Companies Act, 1956 constituted an independent Company Law Board (CLB) vide Notification No. 364 dated the 31st May, 1991. The CLB is a quasi-judicial body, exercising equitable jurisdiction, which was earlier being exercised by the High Court or the Central Government. The Board has powers to regulate its own procedures. The Company Law Board has framed "Company Law Board Regulations 1991" prescribing the procedure for filing the applications/ petitions before it. The Central Government has also prescribed the fees for making applications/petitions before the Company Law Board, under the "Company Law Board, (Fees on applications and Petitions) Rules 1991".The Board has its Principal Bench at New Delhi, and four Regional Benches located at New Delhi, Mumbai, Kolkata and Chennai.
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  • Removal of Director by CLB –An Insight

Abstract Views: 182  |  PDF Views: 0

Authors

Melveen Abhishek
Hidayatullah National Law University, Near Abhanpur, Uperwara Post, Raipur, India

Abstract


The Central Government in terms of Section 10(E) of the Companies Act, 1956 constituted an independent Company Law Board (CLB) vide Notification No. 364 dated the 31st May, 1991. The CLB is a quasi-judicial body, exercising equitable jurisdiction, which was earlier being exercised by the High Court or the Central Government. The Board has powers to regulate its own procedures. The Company Law Board has framed "Company Law Board Regulations 1991" prescribing the procedure for filing the applications/ petitions before it. The Central Government has also prescribed the fees for making applications/petitions before the Company Law Board, under the "Company Law Board, (Fees on applications and Petitions) Rules 1991".The Board has its Principal Bench at New Delhi, and four Regional Benches located at New Delhi, Mumbai, Kolkata and Chennai.