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Wednesday, September 12, 2012

DELEGATION OF POWERS TO REGIONAL DIRECTORS OF THE COMPANIES ACT, 1956


DELEGATION OF POWERS TO REGIONAL DIRECTORS UNDER SECTIONS 17, 18, 19, 141 AND 188 OF THE COMPANIES ACT, 1956

LETTER [F. NO. 1/1/2003-CL.V (PT. FILE)], DATED 30-8-2012

I am directed to refer to this Ministry's letter of even no. dated 31-7-2012 on the subject cited above and say that wherever fee on pending cases under sections 17, 18, 19, 141 and 188 of the Companies Act, 1956 have already been paid by the companies/stakeholders at the time of filing of petition, consequent upon the transfer of applications/petitions from Company Law Board to the concerned Regional Directors, which is on account of operation of law, the company/stakeholders need not pay fee for the same petitions. 

Further, all pending cases before CLB under these sections stand transferred to Regional Directors. Lastly, objections, if any, received by CLB with respect to these petitions shall be forwarded to the concerned RDs by the Secretary, CLB in writing.

...xxx...

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