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

  • Prevention of Corruption Act

CBDT Instruction can not absolve persons to explain source of gold within limits specified – SC

Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…

11 hours ago
  • ICSI

Empanelment of General Observers for ICSI Examinations December 2026. Last date 16.11.2026

Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…

2 days ago
  • Income Tax

ITAT address some important issues relating to deduction u/s 80IA

ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…

2 days ago
  • Income Tax

Mere carry forward of loss can not be denied for belated return – ITAT

Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…

2 weeks ago
  • Income Tax

Sales duly recorded in books & VAT returns, can’t be held bogus without cogent adverse material

Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…

2 weeks ago
  • Income Tax

ITAT allows Diwali expenses incurred by assessee as business expenses

Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…

2 weeks ago