Section 444 of the Companies Act, 2013
๐ Section 444 of the Companies Act, 2013
โ Appeal against order of punishment in default of complying with Tribunal or Appellate Tribunal order
๐ Provision Summary:
If a person is punished for failing to comply with an order of the National Company Law Tribunal (NCLT) or the National Company Law Appellate Tribunal (NCLAT), they have the right to appeal.
๐น Key Points of Section 444:
Any person who is punished under Section 443 (i.e., for non-compliance with Tribunal or Appellate Tribunal order) may file an appeal.
The appeal must be made to the High Court.
This provides a legal remedy and a chance to challenge the punishment imposed.
๐งพ Related Section โ Section 443:
Section 443 provides for punishment for non-compliance with NCLT or NCLAT orders โ including imprisonment, fine, or both.
โ Purpose of Section 444:
To ensure fairness and access to justice.
To provide an appellate remedy for individuals or companies punished for not following tribunal orders.
0 comments