Which of the following statements are true regarding the powers and functions of the National Company Law Tribunal (NCLT) under Chapter XXVII of the Companies Act, 2013?
- NCLT has the authority to approve the compromise and arrangement between a company and its creditors.
- NCLT can order the winding up of companies.
- NCLT has the power to investigate the affairs of a company on its own initiative.
1
Only 1
2
1 and 2
3
Only 2
4
2 and 3
5
1, 2, and 3