https://www.taxtmi.com/caselaws?id=200061 The Company Law Board was not a civil court for purposes of the Special Court (Trial of Offences Relating to Transactions in Securities) Amendment Act, 1994 because the Companies Act treated it as a separate body with its own procedure and only limited civil-court powers. That distinction meant the statutory transfer of jurisdiction from civil courts over securities transactions involving notified persons did not extend to proceedings before the Board. The amendment therefore did not withdraw the Board's jurisdiction, and the jurisdictional objection failed; the matter was to proceed before the Company Law Board. en-us Fri, 29 Jul 1994 00:00:00 +0530 Mon, 19 Mar 2018 12:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200061 The Company Law Board was not a civil court for purposes of the Special Court (Trial of Offences Relating to Transactions in Securities) Amendment Act, 1994 because the Companies Act treated it as a separate body with its own procedure and only limited civil-court powers. That distinction meant the statutory transfer of jurisdiction from civil courts over securities transactions involving notified persons did not extend to proceedings before the Board. The amendment therefore did not withdraw the Board's jurisdiction, and the jurisdictional objection failed; the matter was to proceed before the Company Law Board. Case-Laws Companies Law Fri, 29 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200061