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The Companies (Transfer of Pending Proceedings) Amendment Rules, 2017 - NOTIFIED

Ministry of Corporate Affairs(MCA) Notification dated the 28th of February, 2017

In exercise of the powers conferred under sub-sections (1) and (2) of section 434 of the Companies Act, 2013 (18 of 2013) read with sub-section (1) of section 239 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the Code), the Central Government hereby makes the following rules further to amend the Companies (Transfer of Pending Proceedings) Rules, 2016, namely: –

1. Short title and Commencement:- (1) These rules may be called the Companies (Transfer of Pending Proceedings) Amendment Rules, 2017.
(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Transfer of Pending Proceedings) Rules, 2016, in rule 5, in sub-rule(1) in the proviso for the words "sixty days" the words "six months" shall be substituted.


Note. - The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide notification number G.S.R 1119(E) dated the 7th December, 2016.

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