Amended and updated notes on section 407 of Companies Act 2013. Detail discussion on provisions and rules related to definitions.
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 407 of CA 2013 provides for definitions.
Recently, we have discussed in detail section 406 (Provision relating to Nidhis and its application, etc.) of CA 2013. Today, we learn the provisions of section 407 of the Companies Act 2013.
The provisions of section 407 are effective from 12th September, 2013. You may refer Notification No. S.O. 2754(E) dated 12-09-2013. In this article, you will learn detail of the provisions of section 407 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. | 407 |
| Section Name | Definitions |
| Monthly Updated Edition | Company Law PDF |
Section 407 of Companies Act 2013: Definitions
Section 407 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
In this Chapter, unless the context otherwise requires, —
- (a) “Chairperson” means the Chairperson of the Appellate Tribunal;
- (b) “Judicial Member” means a member of the Tribunal or the Appellate Tribunal appointed as such and includes the President or the Chairperson, as the case may be;
- (c) “Member” means a member, whether Judicial or Technical of the Tribunal or the Appellate Tribunal and includes the President or the Chairperson, as the case may be;
- (d) “President” means the President of the Tribunal;
- (e) “Technical Member” means a member of the Tribunal or the Appellate Tribunal appointed as such.