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of <h1>New Rule 15A: NCLT Tribunal Member Transfers Limited to 3 Years, Governed by Efficiency and Location Restrictions.</h1> The National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Amendment Rules, 2019, effective upon publication, introduce Rule 15A concerning the posting and transfer of tribunal members. Initial postings are determined by the Central Government in consultation with the President. Subsequent transfers are managed by the President based on factors like member efficiency and previous practice locations. Members are generally not posted where close relatives practice in Company Law. Transfers are limited to three years per station unless justified by administrative or personal reasons, including medical or family considerations.
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