Section 418 of Companies Act, 2013 – Staff of Tribunal and Appellate Tribunal

SECTION 418. STAFF OF TRIBUNAL AND APPELLATE TRIBUNAL

[Effective from 1st June 2016]

(1) The [1] [Central Government] shall, in consultation with the Tribunal and the Appellate Tribunal, provide the Tribunal and the Appellate Tribunal, as the case may be, with such officers and other employees as may be necessary for the exercise of the powers and discharge of the functions of the Tribunal and the Appellate Tribunal.

(2) The officers and other employees of the Tribunal and the Appellate Tribunal shall discharge their functions under the general superintendence and control of the President, or as the case may be, the Chairperson, or any other Member to whom powers for exercising such superintendence and control are delegated by him.

(3) The salaries and allowances and other conditions of service of the officers and other employees of the Tribunal and the Appellate Tribunal shall be such as may be prescribed.

Applicable Notification

Delegation of Power to President and Chairperson of the Tribunal and the Appellate Tribunal respectively

Notification No. S.O. 3705(E), dated  14th October, 2019

In exercise of the powers conferred by sub-section (1) of section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates its powers and functions under sub-section (1) of section 418 of the said Act (hereinafter referred to as the said sub-section) to provide officers and other employees to the Tribunal and the Appellate Tribunal referred to in the said sub-section to the President and Chairperson of the said Tribunal and the Appellate Tribunal, as the case may be, subject to conditions as specified in the recruitment rules of the respective posts as approved and notified by the Central Government.

 

[1] Powers of Central Government delegated to President and Chairperson of the said Tribunal and the Appellate Tribunal, as the case may be vide Notification No. S.O. 3705(E), dated 14th October, 2019.