What are the adjudicating authority?
Some of the Adjudicating Authorities in India are the Income Tax Tribunal, Income Tax Appellate Tribunal, The National Company Law Tribunal (NCLT), The National Company Law Appellate Tribunal (NCLAT).
What are the powers of adjudicating authority?
The adjudicating officer is required to hold an inquiry in the manner prescribed by the central government to adjudge whether any person has committed a contravention of any of the provisions of this Act or of any rule, regulation, direction or order made there under, which renders him liable to pay penalty or …
What is adjudicating authority under PMLA Act?
The three-member Authority is mandated to adjudicate the cases of attachment of assets orders issued under the Prevention of Money Laundering Act (PMLA) and order for its continuity and further confiscation or release, considering the merits of the investigation.
Who is adjudicating authority under FEMA?
“Adjudicating Authority” means an officer appointed by the Central Government under sub-section (1) of section 16 of the Act; “applicant” means an aggrieved person who makes an appeal before Special Director (Appeals) or Appellate Tribunal, as the case may be.
What is adjudicating authority in GST?
GST Act defines the phrase “adjudicating authority” as any authority competent to pass any order or decision under this Act, but does not include the Board, the First Appellate Authority and the Appellate Tribunal. Thus, in a way, any decision or order passed under the Act is an act of “adjudication”.
What is the full form of Nclt?
The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st June 2016.
WHAT IS IT Act 2000 of India?
The Information Technology Act, 2000 (also known as ITA-2000, or the IT Act) is an Act of the Indian Parliament (No 21 of 2000) notified on 17 October 2000. It is the primary law in India dealing with cybercrime and electronic commerce.
Who appoints adjudicating officer?
Section 46(1) of the IT Act, 2000 states that the central government shall subject to the provisions of sub-section (3): Appoint an adjudicating officer for the purpose of adjudging under Chapter IX whether any person has violated any of the provisions of this Act, rendering him liable to pay penalty or compensation.
What is PMLA court?
The Appellate Tribunal for Forfeited Property is one of the oldest and Earliest Tribunal of our country. Appellate Tribunal for PMLA (AT PMLA) was started working from the premises of ATFP and heard the appeals against the orders passed by Adjudicating Authority under PMLA from the year 2009.
What does PMLA mean?
✓ PMLA – Prevention of Money Laundering Act, 2002.
Who shall be the adjudicating authority for a corporate person?
the National Company Law Tribunal
Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons including corporate debtors and personal guarantors thereof shall be the National Company Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located – …
What is FEMA violation?
Ans. Contravention is a breach of the provisions of the Foreign Exchange Management Act (FEMA), 1999 and rules/ regulations/ notification/ orders/ directions/ circulars issued there under. It is a voluntary process in which an individual or a corporate seeks compounding of an admitted contravention.