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of <h1>Company Law Board Established Under Companies Act 1956, Holds Judicial Powers Similar to Civil Courts</h1> The Companies Act, 1956, as amended, mandates the Central Government to establish the Board of Company Law Administration, known as the Company Law Board. This Board, comprising up to nine members appointed by the government, exercises powers and functions conferred by the Act or other laws, including those previously held by the Central Government. The Board can form Benches with judicial powers similar to civil courts for specific matters. Members must meet prescribed qualifications, and the Board operates guided by principles of natural justice, with the authority to regulate its procedures.
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