COMPANY
LAW BOARD
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.
2.
The Board has its Principal Bench at New Delhi, and four Regional Benches
located at New Delhi, Mumbai, Kolkata and Chennai.
3.
From 1st April 2008 onwards the matter falling under sections 247, 250,
269, 388B of the Companies Act, 1956 are being dealt with by the Principal
Bench. The matter falling under sections 17, 18, 19, 58AA, 79/80A, 111/111A,
113/113A, 117, 117C, 118, 141, 144, 163, 167, 186, 196, 219, 235,
237(b), 247, 250, 269,
388B, 284, 304, 397/398, 408, 409, 614 and 621A of the Companies Act, 1956
and section 45QA of the Reserve Bank of India Act, 1934 are being dealt with by
Regional Benches, namely New Delhi Bench, Kolkata Bench, Mumbai Bench and
Chennai Bench consisting of one or more member.
4.
The matters pending before the Principal Bench and Additional Principal
Bench as on 1st April 2008 shall continue to be disposed off in the name of
Principal Bench and Additional Principal Bench respectively. In case a company
fails to comply with the directions contained in the Orders so passed by the
Company Law Board, application under section 634A of the Companies Act, 1956 for
enforcing the orders are entertained.
5.
In terms of Section 10F of the Companies Act, any person aggrieved by any
decision or order of the Company Law Board may file an appeal to the High Court
within sixty days from the date of communication of the decision or order of the
Company Law Board to him on any question of law arising out of such order.
6.
The constitution of CLB is as follows:-
1. Justice Shri D. R. Deshmukh, Chairman, Company Law Board.
2. Smt. Vimla Yadav, Member, Company Law Board, New
Delhi.
3. Shri Kanthi Narahari, Member, Company Law Board, Mumbai.
4. Smt. Lizamma Augustine, Member, Company Law Board,
Chennai.
5. Shri B.S.V. Prakash Kumar, Member, Company Law Board,
Kolkata.
6. Shri R. Vasudevan,
Member, Company Law Board, New Delhi (under Suspension)
7.
The Jurisdiction of CLB Bench is as under:-
JURISDICTION
OF THE CLB BENCHES
|
S.
No. |
Region |
Jurisdiction
|
Telephone
No. |
|
1. |
Company
Law Board Principal
Bench Paryavaran
Bhawan B-Block,
3rd Floor C.G.O.
Complex Lodhi
Road, New Delhi 110
003 |
All
States & Union Territories |
011
24366126 |
|
2. |
Company
Law Board New
Delhi Bench Paryavaran
Bhawan B-Block,
3rd Floor C.G.O.
Complex Lodhi
Road, New Delhi 110
003 |
States of Delhi,
Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Uttar
Pradesh, Uttaranchal and
Union Territories of Chandigarh. |
011
24363671 |
|
3. |
Company
Law Board Kolkata Bench 9
Old Post Office Street 6th
Floor, Kolkata
700 001 |
States
of Arunachal Pradesh, Assam, Bihar, Manipur, Meghalaya, Nagaland, Orissa,
Sikkim, Tripura, West Bengal, Jharkhand and Union Territories of Andaman
and Nicobar Island and Mizoram. |
033
22621761 033
22486330 |
|
4. |
Company
Law Board Mumbai Bench N.T.C.
House, 2ND Floor, 15 Narottam Morarjee Marg, Ballard Estate, Mumbai 400
038 |
States
of Goa, Gujarat, Madhya Pradesh, Maharashtra, Chhattisgarh and (Union Territories of Dadra
and Nagar Haveli and Damman and Diu) |
022
22619636
022
22611456 |
|
5. |
Company
Law Board Chennai
Bench Corporate
Bhawan (UTI Building), 3rd Floor, No.
29 Rajaji Salari, Chennai
600001. |
States
of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Union Territories of
Pondicherry and Lakshadweep Island. |
044
25262791 044
25262793 |