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Companies Law - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

NCLT jurisdiction - disputes pertaining to transfer of equity ...


NCLT has jurisdiction over equity share transfer disputes, including those involving State Bank of India under SBI Act.

February 20, 2019

Case Laws     Companies Law     AT

NCLT jurisdiction - disputes pertaining to transfer of equity shares - It is contended that, State Bank of India is not a Company registered under the provisions of Companies Act and it is a body corporate constituted and incorporated under SBI Act, 1955 which was enacted before the enactment of Companies Act, 1956 therefore, NCLT would have no jurisdiction - The contention rejected.

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