Section 422 The Company Act 2013

Section 422 The Company Act 2013

Expeditious Disposal by Tribunal and Appellate Tribunal (1) Every application or petition presented before the Tribunal and every appeal filed before the Appellate Tribunal shall be dealt with and disposed of by it as expeditiously as possible and every endeavour shall be made by the Tribunal or the Appellate Tribunal, as the case may be, for the disposal of such application or […]

Section 421 The Company Act 2013

Section 421 The Company Act 2013

Appeal from Orders of Tribunal (1) Any person aggrieved by an order of the Tribunal may prefer an appeal to the Appellate Tribunal. (2) No appeal shall lie to the Appellate Tribunal from an order made by the Tribunal with the consent of parties. (3) Every appeal under sub-section (1) shall be filed within a period of forty-five days from the date

Section 420 The Company Act 2013

Section 420 The Company Act 2013

Orders of Tribunal (1) The Tribunal may, after giving the parties to any proceeding before it, a reasonable opportunity of being heard, pass such orders thereon as it thinks fit. (2) The Tribunal may, at any time within two years from the date of the order, with a view to rectifying any mistake apparent from the record, amend any

Section 419 The Company Act 2013

Section 419 The Company Act 2013

Benches of Tribunal & Notified Date of Section : 01/06/2016 (1) There shall be constituted such number of Benches of the Tribunal, as may, by notification, be specified by the Central Government. (2) The Principal Bench of the Tribunal shall be at New Delhi which shall be presided over by the President of the Tribunal. (3) The powers of

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