Section 410: Constitution of Appellate Tribunal
This section is for establishing the National Company Law Appellate Tribunal to hear appeals against certain orders and decisions.
The section, clause by clause
What the section says
In plain terms
The Central Government shall, by notification, constitute, with effect from such date as may be specified therein, an Appellate Tribunal to be known as the National Company Law Appellate Tribunal consisting of a chairperson and such number of Judicial and Technical Members, 1***, as the Central Government may deem fit, to be appointed by it by notification, 2[for hearing appeals against—
(a)the 3[orders of the Tribunal or of the National Financial Reporting Authority] under this Act; and
(b)any direction, decision or order referred to in 4[section 53A] of the Competition Act, 2002 (12 of 2002) in accordance with the provisions of that Act].
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. Subs. by Act 1 of 2018, s. 82, for “out of which at least three years shall be in the pay scale of Joint Secretary to the Government of India or equivalent or above in that service” (w.e.f 9-2-2018).
- 2. Subs. by Act 1 of 2018, s. 82, for clause (e) (w.e.f. 9-2-2018).
- 1. The words “not exceeding eleven” omitted by Act 29 of 2020, s. 58 (w.e.f. 22-1-2021).
- 2. Subs. by Act 7 of 2017, s. 172, for “for hearing appeals against the orders to the Tribunal” (w.e.f. 26-5-2017).
- 3. Subs. by Act 1 of 2018, s. 83 for “orders of the Tribunal” (w.e.f. 7-5-2018).
- 4. Subs. by Act 29 of 2020, s. 58, for “section 53N” (w.e.f. 22-1-2021).
- 5. Subs. by Act 1 of 2018, s. 84, for sub-section (3) (w.e.f. 9-2-2018).
- 6. Subs. by s. 85, ibid., for sub-section (2) (w.e.f. 9-2-2018).
Referred to by
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.