MCA’s Draft Rules for “Revival and Rehabilitation of Sick Companies”

MCA Invites Comments on Draft Companies Rules w.r.t. Provisions relating to Revival & Rehabilitation of Sick Companies under the Companies Act, 2013

As per MCA’s invitation for comments, the National Company Law Tribunal (NCLT) and its Appellate Authority is at an advanced stage of constitution. After its constitution, it is proposed to commence the provisions relating to Revival of Sick Companies (Chapter XIX) of the Companies Act, 2013.

The draft Rules for the said provisions have been prepared by a Committee consisting of MCA officials and Experts drawn from various fields. Suggestions/Comments are invited by MCA on the above draft rules along with brief justification and the same may be addressed/sent latest by 14th March, 2016 through email at [email protected]

Further, MCA has requested that the name, Telephone number and address of the sender of comments/ suggestions should be indicated clearly in specified format, as per below attachment:

MCA’s Draft Companies Rules for Revival and Rehabilitation of Sick Companies dt 2 Mar 2016

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