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of <h1>National Company Law Tribunal established to exercise powers under Companies Act, 1956 as per Second Amendment Act, 2002.</h1> The Central Government is mandated to establish the National Company Law Tribunal through a notification in the Official Gazette. This Tribunal is tasked with exercising powers and performing functions assigned to it under the Companies Act, 1956, or any other applicable law. This provision was introduced by the Companies (Second Amendment) Act, 2002, and became effective on April 1, 2003.
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