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National Company Law Tribunal (Amendment) Rules, 2016

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..... National Company Law Tribunal Rules, 2016 , (hereinafter referred to as the principal rules), in Part-I , for the heading, Definitions, forms and etc. , the heading Definitions and forms etc. shall be substituted; 3. In the principal rules, in rule 2 ,- (a) in clause (5), the words interlocutory application shall be omitted; (b) in clause (9), in sub-clause (d), for the words or a chartered accountant or a cost accountant or a company secretary , the words or a chartered accountant in practice or a cost accountant in practice or a company secretary in practice shall be substituted. 4. In the principal rules, after rule 23 , the following rule shall be inserted, namely: - 23A. Presentation of joint petition. - ( .....

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..... oses of sub-rules (l) and (2), the term courier means a person or agency which delivers the document and provides proof of its delivery. 8. In the principal rules, after rule 38 , the following Rule shall be inserted, namely : - 38A. Multiple remedies A petition shall be based upon a single cause of action and may seek one or more reliefs provided that the reliefs are consequential to one another. . 9. In the principal rules, after rule 68 , the following rule shall be inserted, namely 68A. Application to cancel variation of rights under sub-section (2) of section 48. - (1) Where an application to cancel a variation of the rights attached to the shares of any class is made on behalf of the shareholders of that class .....

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..... the date on which the consent was given or the resolution was passed; and (h) the reasons for opposing the variation. (3) The applicant shall at least fourteen days before the date of the filing of the petition advertise the application in accordance with rule 35 . (4) Where any objection of any person whose interest is likely to be affected by the proposed application is received by the applicant, a copy thereof shall be served to the Registrar of Companies and Regional Director on or before the date of hearing. (5) On any application, the Tribunal, after hearing the applicant and any other person, as appears to it, to be interested in the application, may, if it is satisfied, having regard to all the circumstances of the cas .....

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..... e paid by means or, the words, an Indian Postal Order or by shall be inserted. 15. In the principal rules, in the Schedule of Fees, in serial number 10, under the heading Nature of application/ petition , for the word, deposition the word, depositor shall be substituted. 16. In the principal rules, in Annexure A (a) for Form No. NCLT. 3, the following Form No. NCLT. 3 shall be substituted, namely:- Download PDF 17. In the principal rules, in the Annexure B, - (a) in serial number 7, under the heading 'Nature of Petition', for the word deposition the word depositor shall be substituted; (b) in serial number 8, under the heading Enclosures to the Petition', in para 2, the word small sha .....

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