National Company Law Tribunal (Amendment) Rules, 2016

     

National Company Law Tribunal (Amendment) Rules, 2016

    (1) The Ministry of Corporate Affairs vide its notification no. S.O. 4090 (E) dated 19th December, 2016 has delegated the powers and functions to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Shillong, under the following sections of the Companies Act, 2013 & vide this notification, it has superseded the earlier notifications dated 10^th July, 2012, 21^st May, 2014 & 22^nd May, 2014 issued in this regard.

1	clause (i) of sub-section (4) of section 8 (for alteration of memorandum in case of conversion into another kind of company)	Power to give approval for altering the provisions of memorandum and articles of Company registered under Section 8 of the Companies Act, 2013
2	sub-section (6) of section 8	Power to revoke the license granted to a Company registered under Section 8 of the Companies Act, 2013
3	sub-sections (4) and (5) of section 13	Power to give approval for alteration of Memorandum for place of registered office from one state of another state
4	section 16	Power to Rectify the name of company
5	section 87	Power for Condonation of Delay of Creation, Modification and Satisfaction of Charge.
6	sub-section (3) of section 111	Power to give order, declares that the right conferred by this section is being abused to secure needless publicity for defamatory matter.
7	sub-section (1) of section 140	Power to removal of Auditor by Passing of Special Resolution
8	sub-section (5) of section 230	To receive the  notice of the meeting called by the tribunal for Compromise and Arrangement
9	sub-sections (2), (3), (4), (5) and (6) of section 233	Merger or amalgamation of certain companies
10	first and second proviso of sub-section (3) of section 272	Power to give sanction for Petition for winding up by the Registrar
11	sub-section (1) of section 348	Information as to pending liquidations
12	sections 361	Power to order for winding up of company by Summary procedure for liquidation
13	section 362	Power to make orders on the Sale of assets and recovery of debts due to company
14	section 364	Power to dismiss the Appeal made by Creditor or modify the decision of Official Liquidator
15	section 365	Power to Order of dissolution of company
16	clause (i) of the proviso to sub-section (1) of section 399	Power to give permission for inspection of documents with a prospectus.
17	section 442	Power to maintain Mediation and Conciliation Panel

The relevant notification is provided at MCA website at the link–

http://www.mca.gov.in/Ministry/pdf/Notification_PowerRD_20122016.pdf

2. The Ministry of Corporate Affairs vide its notification dated 20th December, 2016 has notified National Company Law Tribunal (Amendment )Rules, 2016 to further amend the National Company Law Tribunal Rules, 2016. These rules shall come in to force on the date of their publication in the Official Gazette. 

The amendment rules are provided at MCA website at the link–

http://www.mca.gov.in/Ministry/pdf/NCLT(Amendment)Rules_21122016.pdf

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