1.

____________ is the successor body of the Company Law Board.1. National Company Law Tribunal2. Income Tax Appellate Tribunal3. Central Administrative Tribunal4. Securities Appellate Tribunal

Answer» Correct Answer - Option 1 : National Company Law Tribunal

The correct answer is National Company Law Tribunal.

  • The National Company Law Tribunal was set up by the Central Government in 2016 under Section 408 of the Companies Act, 2013.
  • The National Company Law Tribunal has been set up as a quasi-judicial body.
  • The main objective of this tribunal is to govern the companies registered in India and is a successor to the Company Law Board. 
  • The National Company Law Tribunal is a specialized court only for Corporates, i.e., companies registered in India.
  • The National Company Law Tribunal will reduce the multiplicity of litigation before different forums and courts.


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