The Ministry of Corprorate Affairs (MCA) today notified the establishment of a Special Court for trying offences under the Companies Act, 2013.
The Special Court, LIX Additional City Civil and Sessions Judge, Bengaluru City, is designated for speedy trial of offences punishable with imprisonment of two years or more under Companies Act in Bengaluru City Karnataka.
Last year, MCA has notified the provisions dealing with ‘Special Courts’ with effect from 18 May 2016 with a view to provide speedy disposal of offences punishable under the Companies Act, 2013, which are punishable with imprisonment of 2 years or more.
The purpose behind setting up these courts is to let magistrate courts try minor violations, and that graver offences should be dealt by Special Courts.
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