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of <h1>Company Law Board amends Regulation 4; Chairman can transfer cases between Regional Benches for valid reasons.</h1> The Company Law Board has amended Regulation 4 of the Company Law Board Regulations, 1991, under the authority of the Companies Act, 1956. The amendment involves two key changes: the omission of the expression '247' from sub-regulation (1), and a revision of the second proviso. The revised proviso allows the Chairman to transfer any matter pending before a Regional Bench to another Regional Bench or the Principal Bench, either at the joint request of the parties involved or for other reasons documented in writing. This amendment is effective immediately.
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