Home India Ministry of Corporate Affairs In exercise of the powers conferred by sub section 1 and sub...
Date: 2019-01-15 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 and sub section 2 of section 469 of the Companies Act

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 29(E), issued by the Ministry of Corporate Affairs on January 15, 2019, announces the National Company Law Tribunal Amendment Rules, 2019. These rules amend the National Company Law Tribunal Rules, 2016, in exercise of the powers conferred by subsections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013). The amendment, specifically within rule 71 of the 2016 rules, substitutes "Regional Director" for "Central Government" in sub-rule (3), clause (b) and in sub-rule (4). The amendment rules came into force on the date of their publication in the Official Gazette. The principal rules, G.S.R. 716(E), were published on July 21, 2016, and previously amended via notifications G.S.R. 1159(E) on December 20, 2016, and G.S.R. 840(E) on July 5, 2017. The Joint Secretary, K.V.R. Murty, signed the notification, bearing file number F.No. 1302013/CL.V.

Key Entities Referenced

Companies Act, 2013: An Indian law that governs company incorporation, regulation, and winding up. National Company Law Tribunal Rules, 2016: A set of rules governing the procedures and operations of the National Company Law Tribunal in India. National Company Law Tribunal Amendment Rules, 2019: Amendments made in 2019 to the existing National Company Law Tribunal Rules, 2016. Ministry of Corporate Affairs: A ministry in the Government of India responsible for regulating corporate affairs. New Delhi: The location of the notification and the Ministry of Corporate Affairs in Delhi, India. K.V.R. Murty: Joint Secretary in the Indian government, as indicated by 'Jt. Secy.' Regional Director: An authority who shall be substituted for the words Central Government in certain clauses of the National Company Law Tribunal Rules, 2016 Gazette of India: The official government gazette of India, in which government notifications and regulations are published.
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