Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tribunal Can Issue Interim Orders Under Section 403 of Companies Act, 1956, During Pending Decisions on Company Affairs.</h1> Section 403 of the Companies Act, 1956, allows the Tribunal to issue interim orders to regulate a company's affairs while a final decision under Section 397 or 398 is pending. This can be initiated by any involved party, and the Tribunal may impose terms and conditions deemed just and equitable. The provision, originally under the jurisdiction of the Company Law Board, was amended to transfer authority to the Tribunal, with further changes anticipated to transfer power to the National Company Law Tribunal. A fee of Rs. 5000 is prescribed for these proceedings.
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