valid as on 20/09/2018

Section 412. Selection of Members of Tribunal and Appellate Tribunal
Effective from 12-09-2013 font in blue from 09-02-2018

(1) The President of the and the chairperson and Judicial Members of the , shall be appointed after consultation with the Chief Justice of India.

   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.

   Where in a meeting of the Selection Committee, there is equality of votes on any matter, the Chairperson shall have a casting vote.

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 a Chief Justice of High Court—Member;
(c) Secretary in the Ministry of Corporate Affairs—Member;
(d) Secretary in the Ministry of Law and Justice—Member; and
(e) Secretary in the Department of Financial Services in the Ministry of Finance— Member.

(3) The Secretary, Ministry of Corporate Affairs shall be the Convener of the Selection Committee.

(4) The Selection Committee shall determine its procedure for recommending persons under sub-section (2).

(5) No appointment of the Members of the Tribunal or the Appellate Tribunal shall be invalid merely by reason of any vacancy or any defect in the constitution of the Selection Committee.

2(90) Tribunal means the National Company Law Tribunal constituted under section 408
2(4) Appellate Tribunal means the National Company Law Appellate Tribunal constituted under section 410
Substituted vide Companies (Amendment) Act, 2017 dated 03.01.2018 effective from 09.02.2018. To view the notification,Click Here
Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018 effective from 09.02.2018. To view the notification,Click Here
Substituted vide Companies (Amendment) Act, 2017 dated 03.01.2018 effective from 09.02.2018. To view the notification,Click Here

Commencement Notification dated 09.02.2018


Enforcement notification S.O.2754 (E) dated 12/09/2013


The Companies (Amendment) Act, 2017 (Effective from 03.01.2018)


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