Home India Ministry of Corporate Affairs In exercise of powers conferred by section 410 of the Compan...
Date: 2016-07-06 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred by section 410 of the Companies Act, 2013, the Central Government hereby appoints Justice S J Mukhopadhaya,

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, issued by the Ministry of Corporate Affairs on July 6, 2016, announces two key appointments related to the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) under the Companies Act, 2013. Firstly, Justice S. J. Mukhopadhaya, retired Judge of the Supreme Court of India, is appointed as Chairperson of the National Company Law Appellate Tribunal (NCLAT). His appointment is effective from June 1, 2016, and is for a term of five years or until he reaches the age of seventy, whichever comes first. The pay scale is fixed at Rs. 90,000. Secondly, Justice M. M. Kumar, retired Chairman of the Company Law Board, is appointed as President of the National Company Law Tribunal (NCLT). This is an ad-interim arrangement, effective from June 1, 2016, and will continue until a regular incumbent joins the post or until further orders are issued, whichever is earlier. The notifications are referenced as S.O. 2320(E) and S.O. 2321(E) respectively, and the file number for both is F. No. A45011/20/2013-Ad. IV. Amardeep Singh Bhatia, Joint Secretary, Ministry of Corporate Affairs, signed both notifications.

Key Entities Referenced

Companies Act, 2013: A law enacted by the Indian Parliament that governs company law in India. Ministry of Corporate Affairs: A ministry in the Government of India responsible for regulating corporate affairs. Justice S. J. Mukhopadhaya: Judge Retd., Supreme Court of India, appointed as Chairperson, National Company Law Appellate Tribunal. National Company Law Appellate Tribunal: An appellate tribunal in India that hears appeals from the National Company Law Tribunal. Justice Retd., Shri M. M. Kumar: Chairman, Company Law Board appointed as President, National Company Law Tribunal. Company Law Board: An quasi-judicial body in India that dealt with company law matters. National Company Law Tribunal: A quasi-judicial body in India that adjudicates issues relating to Indian companies. New Delhi, Delhi: The capital city of India, where the notification was issued.
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