Section 411 of Companies Act, 2013 – Qualifications of Chairperson and members of Appellate Tribunal

  • Updated Till : November 10, 2019

SECTION 411. QUALIFICATIONS OF CHAIRPERSON AND MEMBERS OF
APPELLATE TRIBUNAL

[Effective from 12th September, 2013]

(1) The chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court.

(2) A Judicial Member shall be a person who is or has been a Judge of a High Court or is a Judicial Member of the Tribunal for five years.

[(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.][1]

 

 

[1] Substituted by the Companies (Amendment) Act 2017 vide Notification No. File No. 1/1/2018-CL.I dated 9th February, 2018. Prior to the substitution it read as under:

“(3) A Technical Member shall be a person of proven ability, integrity and standing having special knowledge and experience, of not less than twenty-five years, in law, industrial finance, industrial management or administration, industrial reconstruction, investment, accountancy, labour matters, or¬†such other disciplines related to management, conduct of affairs, revival, rehabilitation and winding up of companies.”

 

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