Definitions, What is Constitution of National Company Law Tribunal Section 407 and 408 of Indian Companies Act 2013

Definitions and Constitution of National Company Law Tribunal are defined under Section 407  and 408 of Indian Companies Act 2013. Provisions under these Sections are:

 

Section 407 of Indian Companies Act 2013 "Definitions"

In this Chapter, unless the context otherwise requires, -

(a) Chairperson means the Chairperson of the Appellate Tribunal;

(b) Judicial Member means a member of the Tribunal or the Appellate Tribunal appointed as such and includes the President or the Chairperson, as the case may be;


 

(c) Member means a member, whether Judicial or Technical of the Tribunal or the Appellate Tribunal and includes the President or the Chairperson, as the case may be;

(d) President means the President of the Tribunal;

(e) Technical Member means a member of the Tribunal or the Appellate Tribunal appointed as such.

 

Section 408 of Indian Companies Act 2013 "Constitution of National Company Law Tribunal"

The Central Government shall, by notification, constitute, with effect from such date as may be specified therein, a Tribunal to be known as the National Company Law Tribunal consisting of a President and such number of Judicial and Technical members, as the Central Government may deem necessary, to be appointed by it by notification, to exercise and discharge such powers and functions as are, or may be, conferred on it by or under this Act or any other law for the time being in force.

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