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of <h1>Special Courts Established for Fast-Tracking Offences Under Companies Act Section 435; Judges Appointed with High Court Approval.</h1> Section 435 of the Companies Act has been amended to establish Special Courts for the speedy trial of offences under the Act. The Central Government is authorized to create or designate these courts as needed. A Special Court will comprise either a single judge who is a Session Judge or Additional Session Judge for offences with imprisonment of two years or more, or a Metropolitan Magistrate or Judicial Magistrate of the First Class for other offences. Judges are appointed by the Central Government with the agreement of the Chief Justice of the relevant High Court.
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