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of <h1>National Company Law Tribunal and Appellate Tribunal Established; Company Law Board Dissolved Effective June 1, 2016.</h1> The Ministry of Corporate Affairs has announced the establishment of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), effective from June 1, 2016. A retired Supreme Court judge has been appointed as the Chairperson of the NCLAT, and another retired judge as the President of the NCLT. With this development, the Company Law Board under the Companies Act, 1956, is dissolved. The NCLT will initially operate with eleven benches across various cities, including two in New Delhi and one each in Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, and Mumbai.
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