MCA Notifies Companies Mediation and Conciliation Rules 2016
The Ministry of Corporate Affairs (MCA) vide Notification dt. 9 Sept. 2016 has notified the Companies Mediation and Conciliation Rules 2016, along with Form MDC 1 and MDC 2. These Rules shall come into force from the date of their publication in the Official Gazette.
These Rules contain definitions of relevant terms, process of formation of panel of mediators/ conciliators, requisite qualifications and experience of mediators and conciliators, disqualifications, application and appointment, scope of work, procedure for disposal of matters and duties of mediators/ conciliators, etc.
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