Chapter XXVIII
(Rules in respect of Clause 442: MEDIATION AND CONCILIATION PANEL)
Panel of Mediators/Conciliators
1. (a) For the purposes of sub-section (1) of section 442 of the Act, any body, institute or association which has been authorized in this behalf by the Central Government shall prepare a panel of experts (to be called as Mediation and Conciliation Panel) willing and eligible to be appointed as mediators/conciliators and such Mediation and Conciliation Panel shall be placed on the website of Ministry of Corporate Affairs or any other website as may be notified by the Central Government.
(b) Any person who intends to get empanelled as mediator/conciliator possessing the requisite qualifications shall make an application addressed to the body, institute or association notified by the Central Government in Form No. 28.1. Such body, institute or association shall carry out due diligence before including the name of any person on the Mediation and Conciliation Panel. The body, institute or association may lay down regulations with the approval of the Central Government for considering the name of a person for inclusion in the Mediation and Conciliation Panel and for the purpose charge entrance and annual fee as may be determined by it. |