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        F. Acts / Amendment Acts

        Section 82 - Amendment of section 409

        Companies (Amendment) Act, 2017

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        Eligibility criteria for appointments now require Secretary or Additional Secretary rank and extensive industrial finance experience. The amendment to section 409(3) substitutes clause (a) to require that the appointee has been holding the rank of Secretary or Additional Secretary to the Government of India, and replaces clause (e) to require a person of proven ability, integrity and standing with special knowledge and professional experience of not less than fifteen years in industrial finance, industrial management, industrial reconstruction, investment and accountancy.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Eligibility criteria for appointments now require Secretary or Additional Secretary rank and extensive industrial finance experience.

                              The amendment to section 409(3) substitutes clause (a) to require that the appointee has been holding the rank of Secretary or Additional Secretary to the Government of India, and replaces clause (e) to require a person of proven ability, integrity and standing with special knowledge and professional experience of not less than fifteen years in industrial finance, industrial management, industrial reconstruction, investment and accountancy.


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