NGNC meaning in Business ?

The General National Congress or General National Council (GNC; Arabic: المؤتمر الوطني العام‎, Berber: Agraw Amuran Amatay) was the legislative authority of Libya for two years following the end of the First Libyan Civil War. It was elected by popular vote on 7 July 2012, and took power from the National Transitional Council on 8 August.

Tasked primarily with transitioning Libya to a permanent democratic constitution, it was given an 18-month deadline to fulfil this goal. When the deadline passed with work on the new constitution only just getting underway, Congress was forced to organise elections to a new House of Representatives, which took power and replaced it on 4 August 2014.

A non-reelected minority of former GNC members, supported by the LROR and Central Shield armed groups, met on 25 August 2014 and declared a National Salvation Government. They elected Omar al-Hasi as prime minister. From August 2014, GNC is no longer internationally recognized as the legitimate parliament of Libya.

On 1 April 2016, the GNC announced its own dissolution and has been replaced by the High Council of State.