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21 March 2017

Companies (Transfer of Pending Proceedings) Rules, 2016

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S&A Law Offices is a full-service law firm comprising experienced, well-recognized and accomplished professionals. S&A Law Offices aims to provide its clients (both domestic and international) with top-quality counsel and legal insights, which combines the Firm's innovative approach with comprehensive expertise across industries and a broad spectrum of modalities. Being a full-service law firm, we take pride in having the capability of providing impeccable legal solutions across various practice areas and industries and makes an endeavor to provide a 360 degree legal solution. With registered office at Gurugram and other strategically located offices in New Delhi, Mumbai, and Bengaluru, along with associate offices across India, S&A is fully equipped to provide legal services on a pan-India basis.
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 to provide for transfer of matters pending before Company Law Board to National Company Law Tribunal.
India Corporate/Commercial Law
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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:

  1. Proceedings relating to cases other than winding up, such as arbitration, compromise, arrangement and reconstruction, etc.;
  2. Cases relating to winding up;

A brief summary of these Rules are provided below

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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.

ARTICLE
21 March 2017

Companies (Transfer of Pending Proceedings) Rules, 2016

India Corporate/Commercial Law

Contributor

S&A Law Offices is a full-service law firm comprising experienced, well-recognized and accomplished professionals. S&A Law Offices aims to provide its clients (both domestic and international) with top-quality counsel and legal insights, which combines the Firm's innovative approach with comprehensive expertise across industries and a broad spectrum of modalities. Being a full-service law firm, we take pride in having the capability of providing impeccable legal solutions across various practice areas and industries and makes an endeavor to provide a 360 degree legal solution. With registered office at Gurugram and other strategically located offices in New Delhi, Mumbai, and Bengaluru, along with associate offices across India, S&A is fully equipped to provide legal services on a pan-India basis.
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