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TMI BlogNotice Inviting Comments on the Draft Rules W.R.T. NCLT Related Provisions under the Companies Act, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... Notice Inviting Comments on the Draft Rules W.R.T. NCLT Related Provisions under the Companies Act, 2013 X X X X Extracts X X X X X X X X Extracts X X X X ..... been commenced. Remaining sections related to functioning of NCLT/NCLAT and certain other authorities are yet to be notified. In view of the Supreme Court order dated 14th May, 2015, the process for constitution of NCLT/NCLAT has been undertaken and these bodies are likely to be set up shortly. 2. The Ministry had set-up a Committee on 17th July, 2015 to examine the draft Rules w.r.t procedure t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o be followed NCLT/NCLAT. The said Committee has since made recommendations on draft rules w.r.t. following matters:- (i) Rules on Compromises, Arrangements and Amalgamation; (ii) Rules on Prevention of Oppression and Mismanagement; and (iii) Rules on procedure to be followed by NCLT and NCLAT; The draft rules w.r.t above matters have been placed on the Ministry's website at www.mca.gov.in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. It has been decided to invite suggestions/comments on the above draft rules. Suggestions/comments on above mentioned draft rules along with justification in brief may be addressed/sent latest by 17th February, 2016 through email at [email protected] . It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending suggestions/comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents. X X X X Extracts X X X X X X X X Extracts X X X X
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