Special Courts designation under Companies Act enables speedy trial of serious company law offences in specified states. The Central Government, invoking section 435(1) of the Companies Act, 2013 with the High Court concurrence, designates specified existing courts in Hyderabad and Visakhapatnam as Special Courts to provide speedy trial of offences under the Companies Act punishable with imprisonment of two years or more, and directs those courts to exercise the Special Court jurisdiction for the territories of Telangana and Andhra Pradesh as set out in the notification.
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Provisions expressly mentioned in the judgment/order text.
Special Courts designation under Companies Act enables speedy trial of serious company law offences in specified states.
The Central Government, invoking section 435(1) of the Companies Act, 2013 with the High Court concurrence, designates specified existing courts in Hyderabad and Visakhapatnam as Special Courts to provide speedy trial of offences under the Companies Act punishable with imprisonment of two years or more, and directs those courts to exercise the Special Court jurisdiction for the territories of Telangana and Andhra Pradesh as set out in the notification.
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