Amended and updated notes on section 415 of Companies Act 2013. Detail discussion on provisions and rules related to acting President and Chairperson of Tribunal or Appellate Tribunal.
Chapter XXVII (Sections 407-434) of the Companies Act, 2013 (CA 2013) deals with the provisions related to National Company Law Tribunal and Appellate Tribunal i.e. NCLT and NCLAT. Section 415 of CA 2013 provides for acting President and Chairperson of Tribunal or Appellate Tribunal.
Recently, we have discussed in detail section 414 (Salary, allowances and other terms and conditions of service of Members) of CA 2013. Today, we learn the provisions of section 415 of the Companies Act 2013.
The provisions of section 415 are effective from 1st June, 2016. You may refer Notification No. S.O. 1934(E) dated 1-06-2016. In this article, you will learn detail of the provisions of section 415 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XXVII |
| Chapter Name | National Company Law Tribunal and Appellate Tribunal |
| Section No. | 415 |
| Section Name | Acting President and Chairperson of Tribunal or Appellate Tribunal |
| Monthly Updated Edition | Company Law PDF |
Section 415 of Companies Act 2013: Acting President and Chairperson of Tribunal or Appellate Tribunal
Section 415 shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.
(1) In the event of the occurrence of any vacancy in the office of the President or the Chairperson by reason of his death, resignation or otherwise, the senior-most Member shall act as the President or the Chairperson, as the case may be, until the date on which a new President or Chairperson appointed in accordance with the provisions of this Act to fill such vacancy enters upon his office.
(2) When the President or the Chairperson is unable to discharge his functions owing to absence, illness or any other cause, the senior-most Member shall discharge the functions of the President or the Chairperson, as the case may be, until the date on which the President or the Chairperson resumes his duties.