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

Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.

Expenses incurred on ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act – ITAT Delhi In a…

9 hours ago
  • Income Tax

Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer

Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the…

10 hours ago
  • Income Tax

Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search

Reassessment quashed as AO issued u/s 148 instead of 153C as reopening was based on incriminating material found during search…

11 hours ago
  • Empanelment

Empanelment of CA/CMA /Legal firm for FEMA & other allied services at EPIL

Empanelment of Chartered Accountants/Cost Accountant/Legal firm for FEMA & other allied services Engineering Projects (India) Ltd. has invited application for…

13 hours ago
  • Service Tax

Individual contract for booking persons for participation in event not event management liable to service tax

Individual contract for booking of persons for participation in an event is not “event management” contracts liable to service tax…

13 hours ago
  • Income Tax

Minor delay should not come in legitimate claim for any deduction – High Court

Minor delay should not come in the way of legitimate claim for any deduction if the assessee is otherwise entitled…

14 hours ago