MCA designates 3 Special Courts for speedy trial of offences u/s 435(2)(b) of Companies Act

MCA designates three Special Courts for the providing speedy trial of offences under clause (b) of sub-section (2) of section 435 of the Companies Act 2013

Section 435 of the Companies Act provide that The Central Government may, for the purpose of providing speedy trial of offences under this Act, except under section 452 (wrongful withholding of property) by notification establish or designate as many Special Courts as may be necessary.

It has been further provided that the Special Court shall consist of—

(a) a single judge holding office as Session Judge or Additional Session Judge, in case of offences punishable under this Act with imprisonment of two years or more; and

(b) a Metropolitan Magistrate or a Judicial Magistrate of the First Class, in the case of other offences,

who shall be appointed by the Central Government with the concurrence of the Chief Justice of the High Court within whose jurisdiction the judge to be appointed is working.

The MCA has issued the following notification for three Special Courts with jurisdiction in State of Punjab, State of Haryana and UT of Chandigarh.

MINISTRY OF CORPORATE AFFAIRS

Notification

New Delhi, the 18th June, 2025

S.O. 2729(E).—In exercise of the powers conferred by section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Punjab and Haryana, hereby designates the Court mentioned in column (2) of the Table below as Special Courts for the purposes of providing speedy trial of offences under clause (b) of sub-section (2) of section 435 of the said Act, namely: —

Table

[F. No. 01/12/2009-CL-I (Vol. IV)]

BALAMURUGAN D, Jt. Secy

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