Introduction to Prospect Legal

Prospect Legal is a trusted legal firm with over 15+ years of expertise in handling National Company Law Tribunal (NCLT) cases. Our firm has a proven track record in corporate litigation, insolvency, and dispute resolution.

Our team of experienced corporate lawyers specializes in corporate and insolvency laws, ensuring our clients receive top-tier legal representation. We assist businesses in filing and resolving cases before NCLT, ensuring compliance with corporate record-keeping regulations and protecting their legal interests.

Where You Can Find Remedies?

Corporate record-keeping compliance cases are handled under the jurisdiction of the National Company Law Tribunal (NCLT) and other relevant legal forums. NCLT has the authority to adjudicate cases related to corporate governance, statutory compliance, and regulatory violations.

If your company is facing legal issues related to record-keeping compliance, consult with Prospect Legal today to explore your legal options and ensure regulatory adherence.

📞 Call us at 7000-12-7225

Understanding the Legal Process

Filing a case for corporate record-keeping compliance in NCLT involves several structured steps. The process may be categorized into:

Voluntary Process

• Initiated by companies or directors seeking legal validation of their compliance practices.
• Companies can proactively file cases to clarify record-keeping obligations and avoid penalties.

Compulsory Process

• Initiated when regulatory authorities or affected parties file complaints against a company for non-compliance.
• Companies may be legally compelled to respond and rectify record-keeping deficiencies.

Prospect Legal ensures that clients navigate the process effectively while complying with all legal requirements.

Legal Protection Under Relevant Sections

Section 128 of the Companies Act, 2013: When Can a Claim Be Filed?

• A claim can be filed when a company fails to maintain proper books of accounts as per legal requirements.
• Directors and officers responsible for non-compliance may face penalties or disqualification.
• Affected stakeholders, including shareholders and creditors, may file complaints seeking legal remedies.

Section 450 of the Companies Act, 2013: Powers of the Adjudicating Authority

• NCLT has the power to impose penalties on companies and officers for non-compliance with record-keeping requirements.
• The tribunal may order corrective measures, including rectification of records.
• In cases of severe violations, NCLT can initiate legal proceedings, including fines or imprisonment for responsible individuals.

Process of Remedy Through Prospect Legal

Step 1: Initial Consultation & Case Assessment

• Conducting a comprehensive case evaluation.
• Identifying legal grounds for filing.
• Assessing financial and evidentiary aspects.
• Advising on risks and expected outcomes.
• Guiding clients on alternative legal remedies.

Step 2: Legal Documentation & Filing

• Drafting petitions and affidavits.
• Gathering required evidence and supporting documents.
• Preparing NCLT-compliant legal submissions.
• Filing the case with proper jurisdiction.
• Ensuring procedural accuracy for quick case acceptance.

Step 3: Compliance & Negotiations

• Handling all statutory compliances.
• Negotiating settlements where applicable.
• Representing clients in pre-trial hearings.
• Ensuring adherence to regulatory mandates.
• Providing strategic legal advisory at every stage.

Step 4: Resolution & Final Actions

• Arguing before NCLT for favorable rulings.
• Managing appeals and counterclaims if required.
• Ensuring legal enforcement of judgments.
• Assisting in post-judgment compliance.
• Providing continued legal support for future corporate matters.

For expert legal representation, reach out to Prospect Legal now.
📞 Call us at 7000-12-7225