MCA Notification on National Company Law Tribunal / NCLT Rules, 2016
The Ministry of Corporate Affairs (MCA), vide Notification dt. 21 July, 2016, has notified the National Company Law Tribunal Rules, 2016/ NCLT Rules, 2016. It may be noted that NCLT Rules 2016 consists of a set of 165 Rules divided in 20 parts along with applicable forms for applications/ petitions, schedule of fees and list of documents to be attached with various applications/ petitions, etc.
The National Company Law Tribunal (NCLT) is a part of the Companies Act, 2013 which was notified by MCA on 1 June, 2016 to replace the Company Law Board (CLB). NCLT is initially located at ten places across India, equipped with requisite infrastructure and support staff, including Delhi, Mumbai, Kolkata, Hyderabad and Chennai. NCLT will prove out to be effective platform for adjudication of disputes on corporate law matters through disposal of such cases in a time bound and speedy manner.
MCA Notification dt. 21 July, 2016 [F. No. 1/30/2013/CL-V(i)]
In exercise of the powers conferred by section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely;-
1. Short title and Commencement – (1) These rules may be called the National Company Law Tribunal Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette*. …contd….
* Published in Official Gazette on 22nd July, 2016
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