National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Amendment Rules, 2019. - G.S.R. 682(E) - Companies Law
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Posting and transfer of tribunal members: criteria limit reassignments, protect against conflicts, and allow personal or administrative transfers. Amendment inserts a new rule on posting and transfer of Members. Initial posting is by the Central Government in consultation with the President. Subsequent transfers are made by the President who shall ordinarily consider a Member's capacity, efficiency, disposal and other relevant factors. Members shall not, without sufficient and cogent reasons, be posted where they earlier practised in regulated professions or where close relations practise in Company Law matters. Members should not be posted at a place exceeding three years and ordinarily not return to a previous posting until two years have passed; early transfers are restricted to administrative grounds or personal request, with administrative transfers made in consultation with the Central Government.
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Posting and transfer of tribunal members: criteria limit reassignments, protect against conflicts, and allow personal or administrative transfers.
Amendment inserts a new rule on posting and transfer of Members. Initial posting is by the Central Government in consultation with the President. Subsequent transfers are made by the President who shall ordinarily consider a Member's capacity, efficiency, disposal and other relevant factors. Members shall not, without sufficient and cogent reasons, be posted where they earlier practised in regulated professions or where close relations practise in Company Law matters. Members should not be posted at a place exceeding three years and ordinarily not return to a previous posting until two years have passed; early transfers are restricted to administrative grounds or personal request, with administrative transfers made in consultation with the Central Government.
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