Rule 12A - Section 396(3). - Companies (Central Government’s) General Rules and Forms, 1956

Section 396(3). [1] [12A. For the purpose of sub-section (3) of section 396, the Joint Director 2 [in the Ministry of Corporate Affairs] shall be the authority to assess the compensation payable to a member or creditor (including a debenture-holder) of each of the companies amalgamating under that sub-section.] --------------------------------------- Notes:- (1) Inserted by GSR 24(E), dated 9-1-1979. (2) Substituted vide NOTIFICATION F. No. 5/80/2012-CL.V - dated 17 th NOVEMBER, 2014 , before it was read as, (Accounts) in the Department of Company Affairs