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Company Law Board jurisdiction extended to exercise powers under Section 73(4) pending notification under Section 434. The Order, effective immediately, provides that until a date is notified under Section 434(1) of the Companies Act, 2013, the Company Law Board constituted under the Companies Act, 1956 shall exercise the jurisdiction, powers, authority and functions under sub-section (4) of Section 73 of the Companies Act, 2013 to remove difficulties in giving effect to Section 73.
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Company Law Board jurisdiction extended to exercise powers under Section 73(4) pending notification under Section 434.
The Order, effective immediately, provides that until a date is notified under Section 434(1) of the Companies Act, 2013, the Company Law Board constituted under the Companies Act, 1956 shall exercise the jurisdiction, powers, authority and functions under sub-section (4) of Section 73 of the Companies Act, 2013 to remove difficulties in giving effect to Section 73.
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