Question

The Central Government has constituted National Company Law Tribunal (NCLT) under __________ of the Companies Act, 2013.

• A. Section 10FB
• B. Section 10FR
• C. Section 10FX
• D. Section 10GB

Hint:

The NCLT was first proposed via Section 10FB in an amendment to the old 1956 Act, but was finally established under Section 408 of the new 2013 Act.

Answer 1

The Correct Option is A

This question has slightly confusing options, but there is a correct historical context.

The National Company Law Tribunal (NCLT) was ultimately constituted and brought into force under Section 408 of the Companies Act, 2013.

However, the legislative foundation for creating the NCLT was first laid much earlier by the Companies (Second Amendment) Act, 2002.
This amendment inserted a series of new sections into the old Companies Act, 1956.

Specifically, it inserted Section 10FB, which was titled "Constitution of National Company Law Tribunal.
" Although the NCLT became a reality under the 2013 Act, the provision that originally introduced the concept into law was Section 10FB of the (amended) 1956 Act.
Given the options, this is the intended correct answer.