The Ministry of Corporate Affairs vide notification No. G.S.R. 1119(E) dated December 07, 2016 has notified, Companies (Transfer of Pending Proceedings) Rules, 2016 (hereinafter referred to as 'Rules') to provide for transfer of matters pending before Company Law Board to National Company Law Tribunal (hereinafter referred to as 'NCLT'). The Rules bifurcate the pending proceedings as follows:
- Proceedings relating to cases other than winding up, such as arbitration, compromise, arrangement and reconstruction, etc.;
- Cases relating to winding up;
A brief summary of these Rules are provided below
To view the full article please click here
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
