Companies Act

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

Sl. No. Court Jurisdiction as Special Court
(1) (2) (3)
1. Court of Chief Judicial Magistrate or Additional Chief Judicial Magistrate, SAS Nagar State of Punjab
2. Court of Chief Judicial Magistrate or Additional Chief Judicial Magistrate, Gurugram State of Haryana
3. Court of Chief Judicial Magistrate or Additional Chief Judicial Magistrate, Chandigarh Union territory of Chandigarh

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

BALAMURUGAN D, Jt. Secy

Download MCA Notification Click Here >>

Share

Recent Posts

  • Income Tax

Addition for rental income on accrual basis deleted as court case was pending

Addition for rental income on accrual basis deleted as assessee was pursuing a civil case against the tenant In a…

7 hours ago
  • Income Tax

ITAT allows credit balance adjustment for addition of deemed dividend u/s 2(22)(e)

ITAT allows adjustment of credit balance for the purposes of addition of deemed dividend as per section 2(22)(e) In a…

1 day ago
  • Income Tax

Addition u/s 50C deleted based on FMV as per CA report under Rule 11UA(1)(b)

Addition u/s 50C deleted based on FMV in CA report under Rule 11UA(1)(b) as AO applied wrong rule Rule 11UA(2)…

1 day ago
  • Excise/Custom

Procedure to handle export cargo originating from SEZ due to closure of Strait of Hormuz

Procedure to handle export cargo originating from SEZ in view of disruption in maritime routes due to closure of the…

2 days ago
  • ICAI

ICAI AQMM review to be applicable to Practice Units which are subject to Peer Review

ICAI Audit Quality Maturity Model (AQMM) review shall be applicable to Practice Units which are subject to Peer Review and…

2 days ago
  • Income Tax

ITAT allows remuneration paid by wives of CA partners for their services rendered in firm

Remuneration paid by CA firm to wives of CA partners for their services rendered allowed in the absence of any…

3 days ago