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NCLAT won't change its judgment in Tata Sons case; will clarify RoC's role

RoC counsel told the Tribunal that they were merely following orders of the NCLT

Ruchika Chitravanshi  |  New Delhi 

Tata Sons, Cyrus Mistry

The National Company Law Appellate Tribunal said on Friday that it would not change its judgment in the matter but it will however, clarify that Mumbai Registrar of was only following the order of NCLT in conversion of the company from public to private entity.

The RoC counsel told the Tribunal the judgment was highly critical of the RoC and deems them to have done illegal acts whereas they were merely following orders of the NCLT while converting the company from public to private.

NCLAT won't change its judgment in Tata Sons case; will clarify RoC's role

In the order dated December 18, the NCLAT had passed serious strictures against the RoC, stating that had hurriedly changed its status to a private company from public "with the help of the RoC", which was illegal. Justice Mukhopadhaya said, “The finding may be wrong but the judgment is not.”

The appellate tribunal has asked the RoC to furnish details on the paid-up capital requirement for a private company.

In its December 18 judgement, the NCLAT had said that the RoC, in the Certificate, had struck down the word ‘Public’ and shown ‘Limited' as a 'Private' company, even in the absence of any order passed by the Tribunal under Section 14 of the Act, 2013.

In its petition, the RoC said there were some factual and legal errors in the judgment, and hence appealed to the appellate tribunal to amend the order so that it correctly reflected the conduct of the RoC, Mumbai, as not being illegal and acting in accordance with the provisions of the Act 1956/2013.

First Published: Fri, January 03 2020. 12:11 IST
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