Section 418A The Company Act 2013

Section 418A The Company Act 2013

Benches of Appellate Tribunal (1) The powers of the Appellate Tribunal may be exercised by the Benches thereof to be constituted by the Chairperson: Provided that a Bench of the Appellate Tribunal shall have at least one Judicial Member and one Technical Member. (2) The Benches of the Appellate Tribunal shall ordinarily sit at New Delhi or such other places as […]

Section 418 The Company Act 2013

Section 418 The Company Act 2013

Staff of Tribunal and Appellate Tribunal Notified Date of Section : 01/06/2016  (1) The Central Government shall, in consultation with the Tribunal and the Appellate Tribunal, provide the Tribunal and the Appellate Tribunal, as the case may be, with such officers and other employees as may be necessary for the exercise of the powers and discharge of the functions of the Tribunal and the Appellate

Section 417A The Company Act 2013

Section 417A The Company Act 2013

Notwithstanding anything contained in this Act, the qualifications, Notwithstanding anything contained in this Act, the qualifications, appointment, term of office, salaries and allowances, resignation, removal and other terms and conditions of service of the Chairperson and other Members of the Appellate Tribunal appointed after the commencement of Part XIV of Chapter VI of the Finance Act, 2017,

Section 417 The Company Act 2013

Section 417 The Company Act 2013

Removal Members (1) The Central Government may, after consultation with the Chief Justice of India, remove from office the President, Chairperson or any Member, who— (a) has been adjudged an insolvent; or (b) has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude; or (c) has become physically

Section 416 The Company Act 2013

Section 416 The Company Act 2013

Resignation Members The President, the Chairperson or any Member may, by notice in writing under his hand addressed to the Central Government, resign from his office: Provided that the President, the Chairperson, or the Member shall continue to hold office until the expiry of three months from the date of receipt of such notice by

Section 415 The Company Act 2013

Section 415 The Company Act 2013

Acting President and Chairperson of Tribunal or Appellate Tribunal (1) In the event of the occurrence of any vacancy in the office of the President or the Chairperson by reason of his death, resignation or otherwise, the senior-most Member shall act as the President or the Chairperson, as the case may be, until the date

Section 414 The Company Act 2013

Section 414 The Company Act 2013

Salary, Allowances and Other Terms and Conditions of Service of Members The salary, allowances and other terms and conditions of service of the Members of the Tribunal and the Appellate Tribunal shall be such as may be prescribed: Provided that neither the salary and allowances nor the other terms and conditions of service of the Members shall be varied

Section 413 The Company Act 2013

Section 413 The Company Act 2013

Term of Office of President, Chairperson and Other Members (1) The President and every other Member of the Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall be eligible for re-appointment for another term of five years. (2) A Member of the Tribunal shall

Section 412 The Company Act 2013

Section 412 The Company Act 2013

Selection of Members of Tribunal and Appellate Tribunal (1) The President of the Tribunal and the chairperson and Judicial Members of the Appellate Tribunal, shall be appointed after consultation with the Chief Justice of India. 1[(2) The Members of the Tribunal and the Technical Members of the Appellate Tribunal shall be appointed on the recommendation of a Selection

Section 411 The Company Act 2013

Section 411 The Company Act 2013

Qualifications of Chairperson and Members of Appellate Tribunal. (1) The chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court. (2) A Judicial Member shall be a person who is or has been a Judge of a High Court or is