Notification of Special Courts under section 435 of the Companies Act, 2013

Quick Summary
The Ministry of Corporate Affairs has designated specific courts in Maharashtra, West Bengal, and Tamil Nadu as Special Courts. These courts will handle the trial of offences under the Companies Act, 2013, specifically for cases initiated by the Securities and Exchange Board of India. This notification aims to streamline the legal process for these specific types of corporate offences.

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 27th November, 2020

S.O. 4283(E). - In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government hereby designates the following Courts mentioned in the Table below as Special Courts in the States of Maharashtra, West Bengal and Tamil Nadu for the purposes of trial of offences under this Act, in respect of cases filed by the Securities and Exchange Board of India, namely:—

TABLE

Sl. No. Court
(1) (2)
1 Court number 22, City Civil and Sessions Court, Mumbai
2 Court number 39, City Civil and Sessions Court, Greater Mumbai
3 5th Special Court, Calcutta
4 Principal Judge, City Civil Court, Chennai

[F. No. 01/12/2009-CL-I (Vol.IV)]

K.V. R. MURTY, Jt. Secy.

FAQ :

This notification designates specific courts as Special Courts for the trial of offences under the Companies Act, 2013, particularly for cases filed by the Securities and Exchange Board of India.

The designation is made in exercise of powers conferred by sub-section (1) of section 435 of the Companies Act, 2013.

Special Courts have been designated in the states of Maharashtra, West Bengal, and Tamil Nadu.

In Maharashtra, Court number 22 and Court number 39 of the City Civil and Sessions Court, Mumbai (Greater Mumbai) have been designated.

In West Bengal, the 5th Special Court, Calcutta has been designated. In Tamil Nadu, the Principal Judge of the City Civil Court, Chennai has been designated.

No, these Special Courts are specifically for the trial of offences under the Companies Act, 2013, in respect of cases filed by the Securities and Exchange Board of India.

 

Guest
Notification No : F. No. 01/12/2009-CL-I (Vol.IV)
Published in Corporate Law
Source : http://www.mca.gov.in/Ministry/pdf/NotificationCompAct_01122020.pdf

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