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Indian Govt finalizes members of mediation and conciliation panel for year 2016-17

India / December 28, 2016

The Companies (Mediation and Conciliation) Rules, 2016, released by the ministry of corporate affairs in September, required setting up a panel of experts willing and eligible to be appointed as mediators or conciliators in respective regions.

New Delhi: The ministry of corporate affairs on Thursday finalized members of the mediation and conciliation panel for the year 2016-2017, putting in place an efficient alternative dispute resolution mechanism.

The Companies (Mediation and Conciliation) Rules, 2016, released by the ministry in September, required setting up a panel of experts willing and eligible to be appointed as mediators or conciliators in respective regions.

The rules aim to increase dispute resolution through mediation and conciliation processes. The rules require the regional director of the corporate affairs ministry to prepare a panel of experts to be appointed as mediators and conciliators for the financial year 2016-17, within 90 days from the publishing date.

Read more at: http://www.livemint.com/Politics/z7HwfyVJjnJWh4WIzSUseN/Govt-finalizes-members-of-mediation-and-conciliation-panel-f.html











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