law: 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.