Section 10E(4B) of the Companies Act, 1956 - Constitution of Board of Company Law Administration - Specified Benches - F.NO. 10/43/2005 - CLB, - Companies Law

ORDER F.NO. 10/43/2005 - CLB, DATED 19-7-2005 ISSUED BY COMPANY LAW BOARD Subject:-Section 10E(4B) of the Companies Act, 1956 - Constitution of Board of Company Law Administration - Specified Benches In exercise of the powers conferred by sub-section (4B) of section 10E of the Companies Act, 1956 (1 of 1956) read with regulation 4 of Company Law Board Regulations, 1991, amended from time to time and in supersession of all earlier orders, the Company Law Board hereby constitutes the following Benches for the purpose of exercising and discharging its powers and functions in the manner specified below : (a) Matters falling under sections 235, 237, 247, 248, 250, 388(b), 408 and 409 and matters falling under Chapter VI of Part of VI the Companies Act, 1956 and all other matters incidental thereto, shall be dealt with by Principal Bench at Delhi consisting of any one of the following : 1. Shri S. Balasubramanian, Chairman 2. Shri K.K. Balu, Vice-Chairman 3. Shri C.D. Paik, Member (b) Matters falling under sections 235,237, 247, 248, 250, 408 and 409 and matter falling under Chapter VI of Part VI of the Companies Act, 1956 and all other matter incidental thereto, shall be dealt with by Additional Principal Bench at Chennai consisting of any one of the following : 1. Shri S. Balasubramanian, Chairman 2. Shri K.K. Balu, Vice-Chairman (c) The jurisdiction of the Additional Principal Bench, Chennai shall be the State of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Union Territories of Pondicherry and Lakshadweep Island. (d) Other matters falling under Companies Act, 1956 and all other matters incidental thereto including interlocutory application connected with matter in sub-paras (a) and (b) above and also matters under section 45QA of the Reserve Bank of India Act, 1934 shall be dealt with by a single Member, sitting at the Regional Benches from amongst the Members specified in sub-para (a) above. 2. The Principal Bench may, at its discretion, hold its sitting at any place in the territory of India. 3. Any Bench may, if deemed necessary, instead of disposing the case by itself, refer the matter to the Principal Bench for joint consultation and disposal. 4. This order shall come into force with immediate effect.