Companies Act2013
Comprehensive statute governing companies, schemes, and corporate governance.
Practice area · Indian legal practice
Corporate Law
Companies Act 2013, NCLT/NCLAT, M&A, scheme petitions, oppression.
Corporate practice in India is anchored in the Companies Act 2013 with the National Company Law Tribunal (NCLT) and the appellate NCLAT as primary forums. Work spans incorporation, scheme petitions for mergers and arrangements, oppression and mismanagement under Sections 241-246, and shareholder disputes.
Key statutes
Limited Liability Partnership Act2008
Governs LLPs.
Securities Contracts (Regulation) Act1956
Listed-securities regime alongside SEBI Act 1992 and Listing Regulations.
SEBI Act1992
Securities and Exchange Board of India powers and adjudication.
Foreign Exchange Management Act (FEMA)1999
Cross-border investment and capital-account regulation.
Competition Act2002
Anti-trust regulation administered by the CCI.
Primary forums
- National Company Law Tribunal (NCLT) — branches in Ahmedabad, Allahabad, Amaravati, Bengaluru, Chandigarh, Chennai, Cuttack, Delhi (Principal Bench), Guwahati, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai
- National Company Law Appellate Tribunal (NCLAT)
- High Court — original or appellate jurisdiction depending on matter
- Supreme Court of India — appeals from NCLAT and constitutional questions
- Securities Appellate Tribunal (SAT) — for SEBI-related disputes
Common matters
- Scheme petitions for amalgamation, demerger, arrangement (Sections 230-234 Companies Act 2013)
- Oppression and mismanagement petitions (Sections 241-246)
- Application for revival of struck-off companies
- Shareholder class actions
- Compromise and arrangement proceedings
- CCI matters and competition appeals
Limitation periods
NCLT applications generally must be filed within periods specified in the relevant section (e.g., Section 252 revival applications within 3 years; Section 244 oppression-mismanagement no fixed limitation but must be filed without unreasonable delay). Limitation Act 1963 applies subject to NCLT Rules 2016.
CourtNetra workflow for corporate law
Corporate matters in CourtNetra integrate with the NCLT cause-list polling and surface bench-allocation. Scheme-petition workflows include the standard checklist (creditor list, share-issue particulars, valuation report). NyayaLens AI surfaces precedent on oppression-mismanagement tests, scheme-sanction principles, and NCLAT appellate jurisprudence.
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