Transfer of pending company-law proceedings to the Tribunal with limited High Court appeals and prescribed winding-up qualifications. On notification by the Central Government, all matters pending before the Company Law Board shall stand transferred to and be disposed of by the Tribunal; appeals from pre-transfer Company Law Board orders lie to the High Court within sixty days (with a possible sixty-day extension). Proceedings under the Companies Act, 1956 pending before District Courts or High Courts, including arbitration, compromise, arrangements, reconstruction and winding up, shall be transferred to the Tribunal and continued from their pre-transfer stage, subject to prescribed qualifications and specified exclusions.