Companies Act Section 418 — Staff of Tribunal and Appellate Tribunal

CHAPTER XXVII NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL

Commercial / Corporate

Summary

Sub-section (1) says that the Central Government must, after consulting with the Tribunal and the Appellate Tribunal, provide them with the officers and other employees needed for them to carry out their powers and functions.

Sub-section (2) states that these officers and employees will work under the general supervision and control of the President of the Tribunal, or the Chairperson of the Appellate Tribunal, as the case may be. This supervision can also be handled by any other Member to whom the President or Chairperson has delegated this authority.

Sub-section (3) provides that the salaries, allowances, and other service conditions of these officers and employees will be set according to what is prescribed, meaning as determined by rules or regulations made under the Act.

Official Text

(1) The 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. 3[