Free Complete Course: Chapter 8.74 - Company Law Board - Class 11th Business Studies
Formation of a Company
In this video we'll learn about - Company Law Board, its various aspects and how it affects you. This video continues the series, Class 11 Business Studies Chapter - Formation of a Company.
Class 11 Business Studies
Chapter: Formation of a Company(Company Law Board)
Useful For: NCERT / CBSE / MAT / CAT / CMAT / IIFT / SNAP / XAT
Previous Video: Special Resolution Vs Ordinary Resolution:
Next Video: National Company Law Tribunal (NCLT):
The Company Law Board (CLB) is a Quasi-judicial body, exercising equitable jurisdiction, which was earlier being exercised by the High Court or the Central Government.
The Board has powers to regulate its own procedures. The Company Law Board has framed “Company Law Board Regulations 1991” prescribing the procedure for filing the applications/petitions before it.
Any person aggrieved by any decision or order of the Company Law Board may file an appeal to the High Court within sixty days from the date of communication of the decision or order of the Company Law Board to him on any question of law arising out of such order.
Now it has been replaced by NCLT
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