Pending Companies Act matters to be transferred to NCLT [Read notification]December 11 2016
The Ministry of Corporate Affairs has issued a notification stating that pending proceedings under the Companies Act – with some exceptions - shall be transferred from the district and high courts to benches of the National Company Law Tribunal, with effect from December 15.
The Centre has taken this step in lieu of its power under Section 434(1)(c) of the Companies Act 2013, under which it was empowered to specify a date on which pending matters relating to arbitration, compromise agreements and reconstruction and winding up of . . .
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