Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Declaration of financial or other interest for Chairperson and Members requires FormIII disclosure and Central Government satisfaction before appointment.</h1> Appointees as Chairperson or Member under the NCLAT Rules, 2015 must submit a FormIII declaration of financial and other interests, declaring absence of any interest likely to prejudicially affect their functions; the declaration must satisfy the Central Government and is a precondition of appointment. The rule prescribes preventive disclosure to manage conflicts of interest and makes Central Government satisfaction the operative compliance standard; failure to provide a satisfactory declaration would operate as noncompliance with appointment conditions and impede assumption of office.
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