Composition of Tribunal: central government appoints President and judicial and technical members under Companies Act. The provision establishes that the Tribunal shall consist of a President and judicial and technical members; the Central Government determines the number of members (subject to the statutory cap) and appoints them by notification in the Official Gazette. The composition requirement was inserted by amendment to the Companies Act, implementing executive appointment and public notification as the operative mechanism for constituting the Tribunal.
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Composition of Tribunal: central government appoints President and judicial and technical members under Companies Act.
The provision establishes that the Tribunal shall consist of a President and judicial and technical members; the Central Government determines the number of members (subject to the statutory cap) and appoints them by notification in the Official Gazette. The composition requirement was inserted by amendment to the Companies Act, implementing executive appointment and public notification as the operative mechanism for constituting the Tribunal.
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