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    <description>The Central Government, under section 434 of the Companies Act, 2013 and section 239(1) of the Insolvency and Bankruptcy Code, 2016, promulgates the Companies (Transfer of Pending Proceedings) Rules, 2016; the rules are titled accordingly and come into force on 15 December 2016, except that rule 4 is to commence on 1 April 2017.</description>
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