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<h1>Transitional exercise of Tribunal functions permits Company Law Board to exercise tribunal powers until notification under the new Act.</h1> The Order provides for transitional exercise of Tribunal functions by the existing Company Law Board: until the Central Government notifies a date under the new Act's transitional provisions, the Company Law Board constituted under the previous statute shall exercise the jurisdiction, powers, authority and functions of the Tribunal, ensuring administrative continuity pending formal transfer under the new Companies Act framework.
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