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MCA Notification No. GSR.80(E) Dated 03/02/2020 – National Company Law Tribunal (Amendment) Rules,2020.

MCA Vide Notification No. GSR.80(E) Dated 03/02/2020 issued The National Company Law Tribunal (Amendment) Rules,2020 to further amend National Company Law Tribunal Rules, 2016 which has come into force with the following amendment:

  • After Rule 80, the following Rule is inserted-

“80A – Application under section 230: An application under subsection (12) of section 230 may be made in Form NCLT-1 and shall be accompanied with such documents as are mentioned in Annexure 8.”

  • The following addition is made to the Schedule of Fees –

22A

Sec 230(12)

Application in cases of takeover offer of companies which are not listed.

Rs. 5000

  • The following entry is made in Annexure B –

12A

Sec 230(12)

Application in cases of takeover offer of companies which are not listed.

l. Affidavit verifying the petition

2. Memorandum of appearance with copy of the Board’s Resolution or the executed vakalatnama, as the case may be.

3. Documents in support of the grievance against the takeover.

4. Any other relevant document

The said Notification can be accessed through the following link:MCANotif_GSR.80(E)_03022020_NCLT Amendment Rules 2020

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