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HISTORY:
After the Constitution of India came into force on January 26, 1950,
the Inter-University Board at its annual meeting held in Madras,
passed a resolution stressing the need for an all-India bar and
emphasising the desirability of having uniformly high standards for
law examinations in different Universities of the country in view of the
fact that a Supreme Court of India had been established.
1951
The Committee was constituted and asked to examine and report on:
This All India Bar Committee was headed by the Honble Shri S. R.
Das, Judge, Supreme Court of India.
1953
The All India Bar Committee submitted its detailed report on March
30, 1953. The report contained the proposals for constituting a Bar
Council for each state and an All-India Bar Council at the national
level as the apex body for regulating the legal profession as well as
to supervise the standard of legal education in India.
1961
FUNCTIONS OF BCI
xii. To provide for the election of its members who shall run the Bar
Councils.
The Bar Council of India can also constitute funds for the following
purposes:
The Bar Council of India can also receive grants, donations, and gifts
for any of these purposes.
The Company Law Board (CLB) has jurisdiction, which was earlier being
exercised by the High Court or the Central Government.
The Board has powers to regulate its own procedures. The Company
Law Board has framed Company Law Board Regulations 1991
prescribing the procedure for filing the applications/petitions before it.
The Central Government has also prescribed the fees for making
applications/petitions before the Company Law Board, under the
Company Law Board, (Fees on applications and Petitions) Rules 1991.
The Board has its Principal Bench at New Delhi, and four Regional
Benches located at New Delhi, Mumbai, Kolkata and Chennai.
Any person aggrieved by any decision or order of the Company Law
Board may file an appeal to the High Court within sixty days from the
date of communication of the decision or order of the Company Law
Board to him on any question of law arising out of such order.
The matter falling under sections 247, 250, 269, 388B of the Companies
Act, 1956 are being dealt with by the Principal Bench. The matter falling
under sections 58AA, 79/80A, 111/111A, 113/113A, 117, 117C, 118, 144,
163, 167, 186, 196, 219, 235, 237(b),247, 250, 284, 304, 397/398, 408,
409, 614 and 621A of the Companies Act, 1956 and section 45QA of the
Reserve Bank of India Act, 1934 are dealt with by Regional Benches,
namely New Delhi Bench, Kolkata Bench, Mumbai Bench and Chennai
Bench consisting of one or more member.
As per the Companies Act of 2013, CLB was to be wound up and taken
over by National Company Law Tribunal NCLT, which would have
replaced the current system of resolution of company-related matters
NCLT will not only replace CLB, but also handle cases currently with the
high courts, the Board for Industrial and Financial Reconstruction and
the Appellate Authority for Industrial and Financial Reconstruction.
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)
o Central (CRO)
o Eastern (ERO)
o Northern (NRO)
o Southern (SRO)
o Western (WRO)