Powers to be exercised by National Company Law Tribunal

Section Number	Description
58A(9)	Ordering repayment of public deposits and payment of interest
58AA(1) and (3)	Intimation to Tribunal in case of default in repayment of deposits from small depositors. Tribunal will pass appropriate orders
79(3)	Issue of shares at discount by sick industrial company under revival (in other cases, sanction will be by Central Government)
80A(1)	Redemption of irredeemable preference shares issued prior to 15-6-1988
100 to 104	Approval of reduction of share capital
107	Variation of rights of shareholders, if dissenting shareholders object
111	Refusal of registration of transfer and rectification of Register, in case of a private company
111A	Refusal of registration of transfer and Rectification of Register, in case of a Public Company
117B(4)	Petition by Debenture Trustee to impose restrictions on company on incurring further liabilities, in case of sick industrial company under revival. In other cases, application will be made to Central Government.
117C(4)	Directing company to redeem debentures on maturity and pay principal and interest
167	Power to call Annual General Meeting, if default is made in holding AGM, in case of sick company under revival. In other cases, the power will be exercised by Central Government
186(1)	Power to order general meeting to be called (other than Annual General Meeting)
203	Power to restrain fraudulent persons from managing companies
235(2)	Declaring that affairs of the company ought to be investigated. Then, Central Government must appoint inspectors to investigate
237	Central Government may order inspection if Tribunal is of the opinion that circumstances suggest that inspection is necessary
243	Petition by Central Government to Tribunal for winding up or application for oppression/mismanagement, after inspection is carried out
247(1A)	Ordering appointment of inspectors for investigating ownership of company
250	Imposing restrictions on issue/transfer of shares if company is under investigation
269(7)	Decision whether appointment of managing or whole-time director is in contravention of statutory provisions contained in Schedule XIII
304(2)(b)	Compelling inspection of Register of Directors to persons entitled, if company refuses [Powers concurrently with Central Government]
307(9)	Compelling inspection of Register of Directors’ Shareholding to persons entitled, if company refuses [Powers concurrently with Central Government]
388B to 388E	Recommending Removal of Managerial Person from office
391 and 392	Power to approve compromise or arrangement and its enforcement
394, 394A	Reconstruction and amalgamation of companies
395	Compelling acquisition of shares of shareholders dissenting from scheme or contract approved by over 90% shareholders
396(3A)	Appeal against order of compensation, if Central Government orders compulsory amalgamation of companies in national interest
397	Application for relief in case of oppression
398	Application for relief in case of mismanagement
408	Ordering appointment of directors by Central Government in case of oppression and mismanagement
409	Ordering prevention of change in Board of company
424	Appointment of receivers/managers in pursuance of an instrument
424A to 424L	Revival and Rehabilitation of a sick company
425 to 560	Winding up of companies
582 to 589	Winding up of unregistered companies
610(2)	Compelling production of documents kept by Registrar (ROC)
614	Enforcement of duty of company to make return to ROC
632	Power to require limited company to give security for costs of legal proceedings
637A	Power to impose conditions and levy fees while according approval, etc., under the Act
-	Winding up of Insurance Companies transferred to Tribunal under Insurance Act.

Note - Prior to the Companies (Second Amendment) Act, 2002, powers in respect of reduction of capital, amalgamation/reconstruction and winding up were with High Court; powers in respect of revival and rehabilitation of sick industrial company were with BIFR under SICA and other powers were with Company Law Board [CLB]. These powers are now transferred to National Company Law Tribunal (NCLT).