Government of India
Ministry of Corporate Affairs
New Delhi, the 28th February, 2017
G.S.R. (E) – 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” 11w words “six months” shall be substituted.
[F. No. 1/5/2016-C1-V]
(Amardeep Singh Bhatia)
Note. – The principal rules were published in the Citrate of India, Extraordinary, Part-11, Section 3, Sub-Section (1) vide notification number G.S.R 1119(F) dated the 7th December, 2016.