Amended and updated notes on section 418 of Companies Act 2013. Detail discussion on provisions and rules related to staff of Tribunal and 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 418 of CA 2013 provides for staff of Tribunal and Appellate Tribunal.
Recently, we have discussed in detail section 417A (Qualifications, terms and conditions of service of Chairperson and Member) of CA 2013. Today, we learn the provisions of section 418 of the Companies Act 2013.
The provisions of section 418 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 418 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. | 418 |
| Section Name | Staff of Tribunal and Appellate Tribunal |
| Monthly Updated Edition | Company Law PDF |
Section 418 of Companies Act 2013: Staff of Tribunal and Appellate Tribunal
Section 418 shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.
(1) The Central Government shall, in consultation with the Tribunal and the Appellate Tribunal, provide the Tribunal and the Appellate Tribunal, as the case may be, with such officers and other employees as may be necessary for the exercise of the powers and discharge of the functions of the Tribunal and the Appellate Tribunal.
(2) The officers and other employees of the Tribunal and the Appellate Tribunal shall discharge their functions under the general superintendence and control of the President, or as the case may be, the Chairperson, or any other Member to whom powers for exercising such superintendence and control are delegated by him.
(3) The salaries and allowances and other conditions of service of the officers and other employees of the Tribunal and the Appellate Tribunal shall be such as may be prescribed.
CG delegates its powers and functions u/s 418(1) to the President and Chairperson of the Tribunal and the Appellate Tribunal, as the case may be, subject to conditions as specified in the recruitment rules of the respective posts as approved and notified by the Central Government.
[Notification S.O. 3705(E), dated 14th October, 2019.]