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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES (AMENDMENT) BILL, 2017 This

Clause 85 - Amendment of section 412. - COMPANIES (AMENDMENT) BILL, 2017

COMPANIES (AMENDMENT) BILL, 2017
  • Contents

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.".

 
 
 
 

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