Section 442 of Companies Act, 2013

442. Mediation and Conciliation Panel

(1) The Central Government shall maintain a panel of experts to be called as the

Mediation and Conciliation Panel consisting of such number of experts having such

qualifications as may be prescribed for mediation between the parties during the pendency

of any proceedings before the Central Government or the Tribunal or the Appellate Tribunal

under this Act.

(2) Any of the parties to the proceedings may, at any time during the proceedings

before the Central Government or the Tribunal or the Appellate Tribunal, apply to the Central

Government or the Tribunal or the Appellate Tribunal, as the case may be, in such form along

with such fees as may be prescribed, for referring the matter pertaining to such proceedings

to the Mediation and Conciliation Panel and the Central Government or Tribunal or the

Appellate Tribunal, as the case may be, shall appoint one or more experts from the panel

referred to in sub-section (1).

(3) The Central Government or the Tribunal or the Appellate Tribunal before which any

proceeding is pending may, suo motu, refer any matter pertaining to such proceeding to such

number of experts from the Mediation and Conciliation Panel as the Central Government or

the Tribunal or the Appellate Tribunal, as the case may be, deems fit.

(4) The fee and other terms and conditions of experts of the Mediation and Conciliation

Panel shall be such as may be prescribed.

(5) The Mediation and Conciliation Panel shall follow such procedure as may be

prescribed and dispose of the matter referred to it within a period of three months from the

date of such reference and forward its recommendations to the Central Government or the

Tribunal or the Appellate Tribunal, as the case may be.

(6) Any party aggreived by the recommendation of the Mediation and Conciliation

Panel may file objections to the Central Government or the Tribunal or the Appellate Tribunal,

as the case may be.

Complete: companies-act-2013