National Company Law Tribunal (NCLT)

National Company Law Tribunal (NCLT):- is a proposed quasi-judicial body in India that will govern the companies in India.^[1] It will be established under theCompanies Act, 2013 and is a successor body of the Company Law Board. The principal bench of NCLT is expected to be established in New Delhi. NCLT will have the same powers as assigned to the erstwhile Company Law Board (which are mostly related to dealing with oppression and mismanagement), Board for Industrial and Financial Reconstruction (BIFR)(revival of sick companies) and powers related to winding up of companies (which was available only with the High Courts)

BONUS SHARES

A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns While the issue of bonus shares increases the total number of shares issued and owned, it does not change the value of the company. Although the total number of issued shares increases, the ratio of number of shares held by each shareholder remains constant.

constructive notice

constructive notice:

a fiction that a person got notice even though actual notice was not personally delivered to him/her. The law may provide thata public notice put on the courthouse bulletin board is a substitute for actual notice. A prime example is allowing service bypublication when a spouse has left the state to avoid service (legal delivery of a legal notice) in a divorce action. The legaladvertisement of the summons in an approved newspaper is treated as constructive notice, just as if the summons and petitionhad been served personally.

3.3 COMPANY LAW (SV UNIVERSITY OLD QUESTIONPAPERS)

COMPANY LAW SEM-III 3YR.LLB SVU jul 2002 page-1	COMPANY LAW SEM-III 3YR.LLB SVU jul 2002 page-2
COMPANY LAW SEM-III 3YR.LLB SVU dec 2002 page-1	COMPANY LAW SEM-III 3YR.LLB SVU dec 2002 page-2&3