NOTES ON EFFECTIVE PROVISIONS OF COMPANIES ACT 2013


Page 73

SELECTION OF MEMBERS OF TRIBUNALS [SECTION 412]

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.

The Members of the Tribunal and the Technical Members of the Appellate Tribunal shall be appointed on the recommendation of a Selection Committee consisting of—

(a) Chief Justice of India or his nominee — Chairperson;

(b) a senior Judge of the Supreme Court or a Chief Justice of High Court — Member;

(c) Secretary in the Ministry of Corporate Affairs — Member;

(d) Secretary in the Ministry of Law and Justice — Member; and

(e) Secretary in the Department of Financial Services in the Ministry of Finance — Member.

The Secretary, Ministry of Corporate Affairs shall be the Convener of the Selection Committee.

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