Lex Lata - The Law As It Exists

WORKING & FUNCTIONS OF NATIONAL COMPANY LAW TRIBUNAL IN INDIA   INTRODUCTION National Company Law Tribunal  (NCLT) and National Company Law Appellate Tribunal (NCLAT) is a quasi-judicial body in India that acts as a single judicial forum to adjudicate all disputes concerning the affairs of Indian Company. It is established under the Companies Act, 2013 and is a successor body of the Company Law Board (CLB). NCLT acts as a “ Single Window Institution for Corporate Justice ”. BACKGROUND OF NCLT Considering the laws on corporate insolvency, winding of Companies and other such provisions with regards to company law prevailing in industrially advanced countries, a High-Level committee set up by the Union of India in the form of The Justice Eradi Committee [1] . The Committee examined various laws relating to companies in India and Companies Act, 1956 as well. After examination, they felt the need of some changes, which ...

Objective & Scope of Industrial Employment (Standing Order) Act, 1946 Pre-History An Industrial worker has the right to know the terms and conditions under which he is employed and the rules of discipline which he is expected to follow. Before Industrial Employment (Standing Order) Act, 1946[Here onwards IESOA] condition of service of industrial employees were invariably ill- defined and were hardly ever known with even a slight degree of precession to the employees. – U.P State Electricity Board v. Hari Shankar Jain (1978) . The rule of services in Industries are not definitely set out so Industries have adopted Standing Order and rules to govern the day-to-day relation between the employers & workers. The act was enacted to curb the power of the employer to offer such conditions of services as would result in exploitation and bring about uniformity in conditions of services amongst the employees working in different industrial establishments in the same industry. Wh...