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Companies (Removal of Difficulties) Fourth Order, 2016

Companies Law - F. No. 16/61/2016-Legal - S.O. 3676(E) - Dated:- 7-12-2016 - MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 7th December, 2016 S.O. 3676(E).-Whereas clause (c) of sub-section (1) of section 434 of the Companies Act, 2013 (hereinaf .....

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ding proceedings relating to arbitration, compromise, arrangements and reconstruction and winding up of companies, pending immediately before such date before any District Court or High Court, shall stand transferred to the Tribunal and the Tribunal .....

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tage as may be prescribed by the Central Government; And, whereas, clause (c) of sub-section (1) of section 434 of the 2013 Act shall come into force from the 15th December, 2016; And, whereas, provisions of sections 6 to 32, 60 to 67 of the Insolven .....

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ce from 15th December, 2016; And, whereas, it has been decided that (i) proceedings under the 1956 Act with High Courts on all cases other than winding-up as on 15th December, 2016 shall stand transferred to the Benches of the Tribunals exercising re .....

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Rules, 1959 shall be transferred to Tribunal, and all remaining cases of winding up pending on that date would continue with the respective High Courts; And, whereas, difficulties have arisen regarding continuation of provisions of the 1956 Act for .....

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ement of the corresponding provisions under the 2013 Act or under the Code; And, whereas, difficulties have also arisen regarding transfer of proceedings relating to cases other than winding-up where hearings have been completed and only pronouncemen .....

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ction 470 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Order to remove the above said difficulties, namely:- 1. Short title and commencement.- (1) This Order may be called the . (2) It shall come into for .....

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