Section 10E(4B) of the Companies Act, 1956, read with regulation 4 of the Company Law Board Regulations, 1991 - Constitution of Company Law Board Benches - Companies Law - Order,

Subject:- Section 10E(4B) of the Companies Act, 1956, read with regulation 4 of the Company Law Board Regulations, 1991 - Constitution of Company Law Board Benches Order, dated 9-9-2002, issued by Company Law Board In exercise of the powers conferred by sub-section (4B) of section 10E of the Companies Act, 1956 (1 of 1956), read with regulation 4 of the Company Law Board Regulations, 1991 amended from time to time and in supersession of all earlier orders the Company Law Board hereby constitutes the following Benches for the purpose of exercising and discharging its powers and functions in the manner specified below : ( a ) Matters falling under sections 235, 237, 247, 248, 250, 388( b ), 408 and 409 and matters falling under Chapter VI of Part VI of the Companies Act, 1956 and all other matters incidental thereto, shall be dealt with by Principal Bench consisting of any one of the following : 1. Shri S. Balasubramanian, Vice Chairman 2. Shri C.R. Das, Member 3. Shri K.K. Balu, Member. ( b ) Matters falling under sections 235, 237, 247, 248, 250, 388( b ), 408 and 409 and matters falling under Chapter VI of Part VI of the Companies Act, 1956 and all other matters incidental thereto, shall be dealt with by Additional Principal Bench at Chennai consisting of any one of the following : 1. Shri S. Balasubramanian, Vice Chairman 2. Shri K.K. Balu, Member. In terms of regulation 4(4) of Company Law Board Regulations, 1991, interlocutory and miscellaneous applications may be heard and decided by a Bench consisting of a Single Member. ( c ) The jurisdiction of the Additional Principal Bench, Chennai shall be the States of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Union Territories of Pondicherry and Lakshadweep Islands. ( d ) Matters falling under sections 111, 111A, 269 and 634A of the Companies Act, 1956 and all other matters incidental thereto, shall be dealt with by the Regional Benches at New Delhi, Chennai, Kolkata and Mumbai consisting of any one of those specified in sub-para ( a ) above. ( e ) Other matters falling under the Companies Act, 1956 and all other matters incidental thereto including interlocutory applications connected with matters in ( a ) and ( b ) above and also matters under section 45QA of the Reserve Bank of India Act, 1934, shall be dealt with by a Single Member, sitting at the Regional Benches from amongst the Members specified in sub-para ( a ) above. 2. The Bench may, at its discretion, hold its sittings at any place in the territory of India. 3. Any Bench or any group of Members may, if deemed necessary, instead of disposing the case himself/themselves, refer the matter to the Principal Bench for joint consultation and disposal. 4. This order shall come into force with effect from 9-9-2002.