How Company Law Board is protecting the interest of depositors

When an NBFC fails to repay any deposit or part thereof in accordance with the terms and conditions of such deposit, the Company Law Board (CLB) either on its own motion or on an application from the depositor, directs by order the Non-Banking Financial Company to make repayment of such deposit or part thereof forthwith or within such time and subject to such conditions as may be specified in the order. After making the payment, the company will need to file the compliance with the local office of the Reserve Bank of India.

As explained above, the depositor can approach CLB by mailing an application in prescribed form to the appropriate bench of the Company Law Board according to its territorial jurisdiction along with the prescribed fee.

The details of addresses and territorial jurisdiction of the bench officers of CLB are as under:

ADDRESSES OF REGIONAL COMPANY LAW BOARD
S. No. Region Jurisdiction Telephone No. Fax No.
1. Company Law Board
Principal Bench
Paryavaran Bhawan
B-Block, 3rd Floor
C.G.O. Complex
Lodhi Road,
New Delhi – 110 003
All States & Union Territories 011 – 24366126
011- 24363451
011 – 24366125
011 – 24366123
011 – 24366126
2. Company Law Board
New Delhi Bench
Paryavaran Bhawan
B-Block, 3rd Floor
C.G.O. Complex
Lodhi Road,
New Delhi – 110 003
States of Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Uttar Pradesh, Uttaranchal and Union Territories of Chandigarh. 011 – 24363671
011- 24363451
011 – 24366125
011 – 24366123
011 – 24366126
3. Company Law Board
Kolkata Bench
9 Old Post Office Street
6th Floor,
Kolkata – 700 001
States of Arunachal Pradesh, Assam, Bihar, Manipur, Meghalaya, Nagaland, Orissa, Sikkim, Tripura, West Bengal, Jharkhand and Union Territories of Andaman and Nicobar Island and Mizoram. 033 – 22486330 033 – 22621760
4. Company Law Board
Mumbai Bench
N.T.C. House, 2nd Floor,
15 Narottam Morarjee Marg,
Ballard Estate, Mumbai – 400 038
States of Goa, Gujarat, Madhya Pradesh, Maharashtra, Chhattisgarh and (Union Territories of Dadra and Nagar Haveli and Daman and Diu) 022 – 22619636/
022 – 22611456
022 – 22619636
5. Company Law Board
Chennai Bench
Corporate Bhawan (UTI Building),
3rd Floor, No. 29 Rajaji Salai,
Chennai – 600001.
States of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Union Territories of Pondicherry and Lakshadweep Island. 044 – 25262793 044 – 25262794

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