Company Law Board Amends Regulations to Establish Additional Principal Bench in Chennai, Updates Rules 2, 4, 7, and 34
The Company Law Board has amended the Company Law Board Regulations, 1991, introducing changes to regulations 2, 4, 7, and 34, as well as Annexures I and II. These amendments, effective upon publication in the Official Gazette, establish an Additional Principal Bench in the Southern Region, specifically at Chennai, with the flexibility to operate from other locations within the region. The amendments allow the Chairman to assign specific matters to this Additional Principal Bench, which must consist of at least two members. The changes ensure that references to the Southern Region now include the Additional Principal Bench across various regulations and forms.
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