The MCA has notified the Companies (Mediation and Conciliation) Rules 2016 (“Rules”). Under section 442 of the Companies Act, 2013, the Central Government is authorized to maintain a panel of experts to be called as “Mediation and Conciliation panel” for mediation between parties during pendency of proceedings before the Central Government/Tribunal/Appellate Tribunal. The Rules provide that the panel shall be prepared by Regional Directors and placed on the website of the MCA. A person who intends to get empanelled as mediator or conciliator may apply to the Regional Director in Form MDC-1.
September 12th, 2016