Extension of service for Company Law Board members allowed in public interest until successor body is constituted. The amendment to Rule 8 authorises the Central Government to grant an extension in service to the Chairman, Vice Chairman and Members of the Company Law Board when considered necessary in the public interest, limited to a maximum of one year or until constitution of the National Company Law Tribunal, whichever is earlier, under the powers conferred by sub-section (2A) of Section 10E read with clause (a) of sub-section (1) of Section 642 of the Companies Act, 1956; the rules commence on publication in the Official Gazette.
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.
Extension of service for Company Law Board members allowed in public interest until successor body is constituted.
The amendment to Rule 8 authorises the Central Government to grant an extension in service to the Chairman, Vice Chairman and Members of the Company Law Board when considered necessary in the public interest, limited to a maximum of one year or until constitution of the National Company Law Tribunal, whichever is earlier, under the powers conferred by sub-section (2A) of Section 10E read with clause (a) of sub-section (1) of Section 642 of the Companies Act, 1956; the rules commence on publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
