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of <h1>Central Government Must Establish NCLT Under Section 408 of the Companies Act, 2013 with Appointed Judicial and Technical Members.</h1> Section 408 of the Companies Act, 2013 mandates the Central Government to establish the National Company Law Tribunal (NCLT) through a notification. The NCLT will comprise a President and an appropriate number of Judicial and Technical members as determined necessary by the Central Government. These members will be appointed via notification to exercise and perform the powers and functions assigned under the Companies Act or any other prevailing law.
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