Statutory Meaning & Definition
Wilful disobedience of NCLT orders or conduct that scandalises the tribunal, punishable under the Contempt of Courts Act 1971 read with NCLT Rules 2016. NCLT can impose fine or imprisonment for contempt.
Frequently Asked Questions (FAQs)
What is Contempt of Tribunal in Indian corporate law?
Wilful disobedience of NCLT orders or conduct that scandalises the tribunal, punishable under the Contempt of Courts Act 1971 read with NCLT Rules 2016. NCLT can impose fine or imprisonment for contempt.
Why is Contempt of Tribunal important for compliance?
Contempt of Tribunal is adjudicated by the National Company Law Tribunal under the Companies Act, 2013 or IBC. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Contempt of Tribunal?
Contempt of Tribunal is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with NCLT regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to NCLT:
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