https://www.taxtmi.com/caselaws?id=113426 The SC upheld the High Court's core finding that transferring company-law jurisdiction to a National Company Law Tribunal and Appellate Tribunal is constitutionally permissible, but struck down Parts 1B and 1C of the Companies Act as presently structured. The Court held tribunals must have judicial independence, members of status and tenure comparable to courts, and technical members only where genuinely necessary and suitably qualified; routine appointment of civil servants or lay experts is impermissible. The provisions can be validated by legislative amendments implementing safeguards to ensure independence, competence and security of tenure. en-us Tue, 11 May 2010 00:00:00 +0530 Fri, 29 Aug 2025 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113426 The SC upheld the High Court's core finding that transferring company-law jurisdiction to a National Company Law Tribunal and Appellate Tribunal is constitutionally permissible, but struck down Parts 1B and 1C of the Companies Act as presently structured. The Court held tribunals must have judicial independence, members of status and tenure comparable to courts, and technical members only where genuinely necessary and suitably qualified; routine appointment of civil servants or lay experts is impermissible. The provisions can be validated by legislative amendments implementing safeguards to ensure independence, competence and security of tenure. Case-Laws Companies Law Tue, 11 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113426