Amendment of section 412.
85. In section 412 of the principal Act, for sub-section (2), the following sub-sections shall be substituted, namely:-
"(2) 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 Chief Justice of High Court - Member;
(c) Secretary in the Ministry of Corporate Affairs - Member; and
(d) Secretary in the Ministry of Law and Justice - Member.
(2A) Where in a meeting of the Selection Committee, there is equality of votes on any matter, the Chairperson shall have a casting vote.".