Section 409 of CA 2013 : Section 409: Qualification Of President And Members Of Tribunal

Explanation using Example

Imagine a scenario where the National Company Law Tribunal (NCLT) requires a new President due to the retirement of the current President. According to Section 409(1) of the Companies Act, 2013, the selection committee starts searching for a suitable candidate who has served as a Judge of a High Court for at least five years. They shortlist Justice A, who has recently retired after serving as a High Court Judge for seven years.

For the position of a Judicial Member at the NCLT, the committee consi...

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