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Home > Company Registration > Contact Us

MCA issues Companies Mediation and Conciliation Rules 2016

MCA-issues-Companies-Mediation-and-Conciliation-Rules-2016
 
9 September 2016 - The Ministry of Corporate Affairs (MCA) has notified Companies (Mediation and Conciliation ) Rules 2016. With the publication of these rules, Central Government makes way setting up of a panel of mediators or conciliators. The role of mediator or conciliator shall be to communicate the view of each party in a dispute, facilitate voluntary resolution of the dispute, identify issues, reduce misunderstanding, clarify priorities, and impose terms and conditions on the consent of parties for early settlement of the dispute.
 
The regional Director shall invite applications from persons eligible for appointment in the respective regions to update the panel on 1st April every year. For the current financial year, the Regional Director may call for applications within 60 days from publication of these rules. A person who possesses the requisite qualifications and intends to get empanelled shall apply in Form MDC-1 to the Regional Director.
 
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