82. In section 409 of the principal Act, in sub-section (3),-
(i) in clause (a), for the words "out of which at least three years shall be in
the pay scale of Joint Secretary to the Government of India or equivalent or
above in that service", the words "and has been holding the rank of Secretary or
Additional Secretary to the Government of India" shall be substituted;
(ii) for clause (e), the following clause shall be substituted, namely:-
"(e) is a person of proven ability, integrity and standing having special
knowledge and professional experience of not less than fifteen years in
industrial finance, industrial management, industrial reconstruction, investment
and accountancy.".
83. In section 410 of the principal Act, for the words "orders of the Tribunal", the words "orders of the Tribunal or of the National Financial Reporting Authority" shall be substituted.
84. In section 411 of the principal Act, for sub-section (3), the following sub-section shall be substituted, namely:- "(3) A technical member shall be a person of proven ability, integrity and standing having special knowledge and professional experience of not less than twenty-five years in industrial finance, industrial management, industrial reconstruction, investment and accountancy.".
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.".
86. For section 435 of the principal Act, the following shall be substituted,
namely:-
"435. (1) The Central Government may, for the purpose of providing speedy trial
of offences under this Act, by notification, establish or designate as many
Special Courts as may be necessary.
(2) A Special Court shall consist of-
(a) a single judge holding office as Session Judge or Additional Session Judge,
in case of offences punishable under this Act with imprisonment of two years or
more; and
(b) a Metropolitan Magistrate or a Judicial Magistrate of the First Class, in
the case of other offences,
who shall be appointed by the Central Government with the concurrence of the
Chief Justice of the High Court within whose jurisdiction the judge to be
appointed is working.".
87. In section 438 of the principal Act, for the words "deemed to be a Court of Session", the words "deemed to be a Court of Session or the court of Metropolitan Magistrate or a Judicial Magistrate of the First Class, as the case may be," shall be substituted.
Section 1, 2, 3A, 4, 7 of Companies Act 2017
Section 12, 21, 26, 35, 42 of Companies Act
Section 47, 53, 54, 62, 73, 74
Section 76a, 77, 78, 82, 89, 90
Section 92, 94, 96, 100, 101, 110
Section 121, 123, 129, 130, 132, 134
Section 135, 136, 137, 140, 141, 143
Section 147, 148, 149, 152, 153, 157
Section 160, 161, 164, 165, 167, 168
Section 173, 177, 178, 180, 184, 185
Section 186, 188, 196, 197, 198, 200
Section 201, 216, 223, 236, 247, 366
Section 374, 379, 384, 391, 403, 406
Section 409, 410, 411, 412, 435, 438
Section 439, 440, 441, 446A, B, 447, 458