Amended and updated notes on section 431 of Companies Act 2013. Detail discussion on provisions and rules related to vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
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 431 of CA 2013 provides for vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings.
Recently, we have discussed in detail section 430 (Civil court not to have jurisdiction) of CA 2013. Today, we learn the provisions of section 431 of the Companies Act 2013.
The provisions of section 431 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 431 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. | 431 |
| Section Name | Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings |
| Monthly Updated Edition | Company Law PDF |
Section 431 of Companies Act 2013: Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings
Section 431 shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.
No act or proceeding of the Tribunal or the Appellate Tribunal shall be questioned or shall be invalid merely on the ground of the existence of any vacancy or defect in the constitution of the Tribunal or the Appellate Tribunal, as the case may be.