MCA:
Ministry of Corporate Affairs (MCA) has appointed 1st June, 2016 on which all matters or proceedings or cases pending before the Board of Company Law Administration (Company Law Board) shall be transferred to the newly constituted “National Company Law Tribunal” (NCLT) and it shall dispose of such matters or proceedings or cases in accordance with the provisions of the Companies Act, 2013 or the Companies Act, 1956.
MCA:
Ministry of Corporate Affairs (MCA) has appointed 1st June,2016 on which the section pertaining to “National Company Law Tribunal" (NCLT) shall come into force. Further, MCA also notified the Benches of NCLT and their respective benches with their jurisdiction. The following provisions of the said Act shall come into force, namely :—
Sl. No. Section
1. Sub-section (7) of section 7 [except clause (c) and (d)]
2. Second proviso to sub-section (1) of section 14
3. Sub-section (2) of section 14
4. Sub-section (3) of section 55
5. Proviso to Clause (b) of sub-section (1) of section 61
6. Sub-sections (4) to (6) of section 62
7. Sub-sections (9) to (11) of section 71
8. Section 75
9. Section 97
10. Section 98
11. Section 99
12. Sub-section (4) of section 119
13. Section 130
14. Section 131
15. Second proviso to sub-section (4) and sub-section(5) of section 140
16. Sub-section (4) of section 169
17. Section 213
18. Sub-section (2) of Section 216
19. Section 218
20. Section 221
21. Section 222
22. Sub-sections (5) of section 224
23. Sections 241, 242 [except clause (b) of sub-section(1), clause (c) & (g) of sub-section (2)], 243, 244, and 245
24. Reference of word ‘Tribunal’ in sub-section (2) of section 399
25. Sections 415 to 433 (both inclusive)
26. Sub-section (1)(a) and (b) of section 434
27. Sub-section (2) of section 434
28. Section 441
29. Section 466
News from NIRC of ICSI
NIRC has invited niro on or before Friday, the 3rd June, 2016 by 5.00 PM. NIRC after compiling all the suggestions as may be received will submit its report along with the recommendations to the ICSI-HQ for onward submission of the same to the MCA.
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