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MAR 04, 2016

MCA invite comments on Draft rules for Sick Companies

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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 Companies Act, 2013. Therefore the draft Companies (Revival and Rehabilitation of Sick Companies) Rules, 2016 for the said provisions have been prepared by a Committee consisting of Ministry officials and Experts drawn from various fields and the same has been placed on the website of MCA for inviting suggestions/comments.

Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 14th March, 2016 through email at revival.rules@mca.gov.in. It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending suggestions/comments.

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