Establishment of Special Court in State of Bihar for the purpose of trial of offences punishable under Companies Act, 2013

Establishment of Special Court in State of Bihar for the purpose of trial of offences punishable under Companies Act, 2013

September 7, 2017 Corporate 0

The Ministry of Corporate Affairs (“Ministry”) issued a Notification on 31st August, 2017, informing that the Central Government has, with the concurrence of designated the Court of Additional District and Sessions Judge, Patna as Special Court in Bihar.

By virtue of the Notification, this Court will exercise jurisdiction as Special Court in the State of Bihar and provide speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013 (“Act”).

This Notification has been issued in exercise of powers conferred by Section 435(1) of the Act which states that ‘the Central Government may, for the purpose of providing speedy trial of offences under this Act, by notification, establish or designate as many Special Courts as may be necessary’. 

Source: E-gazette

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