Transitional jurisdiction preserved under existing administrative board to maintain corporate adjudication until tribunal is established. The Order provides that, until the statutory adjudicatory tribunal is constituted, the existing Board of Company Law Administration shall exercise the jurisdiction, powers, authority and functions assigned by the first proviso to clause (41) of the Act, ensuring continuity of corporate adjudicatory competence and administrative authority pending the tribunal's establishment.
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Provisions expressly mentioned in the judgment/order text.
Transitional jurisdiction preserved under existing administrative board to maintain corporate adjudication until tribunal is established.
The Order provides that, until the statutory adjudicatory tribunal is constituted, the existing Board of Company Law Administration shall exercise the jurisdiction, powers, authority and functions assigned by the first proviso to clause (41) of the Act, ensuring continuity of corporate adjudicatory competence and administrative authority pending the tribunal's establishment.
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