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Transitional continuation of Company Law Board powers ensures regulatory continuity pending tribunal constitution and transfer of cases. The Order provides a transitional mechanism allowing the Board of Company Law Administration to exercise specified Tribunal powers-relating to prospectus, allotment, redemption of preference shares, and appeals on registration and rectification of the members register-until the Central Government notifies transfer of all matters to the newly constituted Tribunal, coming into force on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Transitional continuation of Company Law Board powers ensures regulatory continuity pending tribunal constitution and transfer of cases.
The Order provides a transitional mechanism allowing the Board of Company Law Administration to exercise specified Tribunal powers-relating to prospectus, allotment, redemption of preference shares, and appeals on registration and rectification of the members register-until the Central Government notifies transfer of all matters to the newly constituted Tribunal, coming into force on publication in the Official Gazette.
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