MCA has sought comments from stakeholders on the Draft rules for setting up of National Companies Law Tribunal (NCLT) under the Companies Act, 2013 in place of Company Law Board (CLB) 

283 Sections of the Companies Act, 2013 have already been commenced. Remaining sections related to functioning of NCLT/NCLAT and certain other authorities are yet to be notified.

In view of the Supreme Court order dated 14th May, 2015, the process for constitution of NCLT/NCLAT has been undertaken and these bodies are likely to be set up shortly.

The Ministry had set-up a Committee on 17th July, 2015 to examine the draft Rules w.r.t procedure to be followed NCLT/NCLAT. The said Committee has since made recommendations on draft rules w.r.t. following matters:-

(i) Rules on Compromises, Arrangements and Amalgamation;

(ii) Rules on Prevention of Oppression and Mismanagement; and

(iii) Rules on procedure to be followed by NCLT and NCLAT;