Executive Summary:
This notification, issued by the Ministry of Corporate Affairs on September 20, 2019, announces the appointment of individuals as Judicial and Technical Members to the National Company Law Tribunal, effective from their respective dates of joining in June and July 2019. The appointments are in accordance with Section 408 of the Companies Act, 2013 and are for a period of three years or until the age of sixty-five, whichever is earlier.
Key Points / Main Content:
* **Appointments:**
* The Central Government has appointed individuals as Judicial and Technical Members in the National Company Law Tribunal.
* **Legal Basis:**
* The appointments are made in exercise of the powers conferred by section 408 of the Companies Act, 2013.
* **Pay Scale:**
* The appointed members will receive a pay scale of Rs. 67000-79000 (pre-revised Level 15) in the pay matrix Rs. 182200-224400 as per the 7th Central Pay Commission.
* **Tenure:**
* The term of appointment is for three years or until the member reaches the age of sixty-five, whichever is earlier.
* **List of Appointed Members (with Post and Date of Joining):**
* Justice Retd. Rajesh Dayal Khare, Judicial Member, 04.07.2019
* Mohammed Ajmal, Judicial Member, 04.07.2019
* Sh. Ajay Kumar Vatsavayi, Judicial Member, 27.06.2019
* Sh. Rajasekhar VK, Judicial Member, 04.07.2019
* Ms. Suchitra Kanuparthi, Judicial Member, 04.07.2019
* Sh. Abni Ranjan Kumar Sinha, Judicial Member, 21.06.2019
* Sh.Ashok Kumar Borah, Judicial Member, 04.07.2019
* Dr. Poondla Bhaskara Mohan, Judicial Member, 03.07.2019
* Ms. Sucharitha R, Judicial Member, 04.07.2019
* Sh. Venkata Subba Rao Hari, Judicial Member, 04.07.2019
* Sh. Patibandala Satyanarayana Prasad, Judicial Member, 04.07.2019
* Sh. Shyam Babu Gautam, Technical Member, 03.07.2019
* Sh. Kapal Kumar Vohra, Technical Member, 28.06.2019
* Sh. Anil kumar B, Technical Member, 04.07.2019
* Ms. Sumita Purkayastha, Technical Member, 21.06.2019
* Sh. Rajesh Sharma, Technical Member, 26.06.2019
* Sh. Chandra Bhan Singh, Technical Member, 03.07.2019
* Sh. Laxmi Narayan Gupta, Technical Member, 04.07.2019
* Sh. Satya Ranjan Prasad, Technical Member, 24.07.2019
* Sh. Raghu Nayyar, Technical Member, 28.06.2019
* Sh. Chockalingam Thirunavukkarasu, Technical Member, 04.07.2019
* Sh. Veera Brahma Rao Arekapudi, Technical Member, 03.07.2019
* Sh. Hemant Kumar Sarangi, Technical Member, 24.06.2019
* Sh. Ashutosh Chandra, Technical Member, 04.07.2019
* Sh. Prasanta Kumar Mohanty, Technical Member, 04.07.2019
* Sh. Narender Kumar Bhola, Technical Member, 28.06.2019
* Sh. Virendra Kumar Gupta, Technical Member, 03.07.2019
* Sh. Binod Kumar Sinha, Technical Member, 28.06.2019
Impact Analysis:
National Company Law Tribunal:
* Impact: The tribunal is strengthened with the addition of new Judicial and Technical Members, potentially improving its efficiency and effectiveness in resolving cases related to company law.
* Action Required: Integrate the new members into the tribunal's operations and assign them responsibilities.
Appointed Judicial and Technical Members:
* Impact: The individuals are now officially appointed to their respective positions within the National Company Law Tribunal, with defined roles, responsibilities, and compensation.
* Action Required: Assume their duties and responsibilities as Judicial or Technical Members, adhering to the rules and regulations of the tribunal.
Ministry of Corporate Affairs:
* Impact: The Ministry has successfully executed its power to appoint members to the National Company Law Tribunal, ensuring the tribunal is adequately staffed.
* Action Required: Oversee the integration of the new members and monitor the performance of the tribunal.
Key Entities Referenced
Ministry of Corporate Affairs: The ministry responsible for administering the Companies Act and other related laws.
Companies Act, 2013: An Act of the Parliament of India that regulates incorporation, operation, and winding up of companies.
Central Government: The executive authority of the Union of India.
National Company Law Tribunal: A quasi-judicial body in India that adjudicates issues relating to Indian companies.
7th Central Pay Commission: The seventh pay commission constituted by the Government of India to review the salary structure of central government employees.
New Delhi: The capital of India. Place where the notification was issued.
Justice Retd. Rajesh Dayal Khare: Appointed as Judicial Member in the National Company Law Tribunal
Mohammed Ajmal: Appointed as Judicial Member in the National Company Law Tribunal
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[फा. स.ं ए-12023/01/2018-एडी. IV]
MानेNर कुमार Oसंह, संयु% सिचव
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 20th September, 2019
S.O. 3412(E).—In exercise of the powers conferred by section 408 of the Companies Act, 2013 (18 of 2013), the
Central Government hereby appoints following persons as Judicial and Technical Members in the National Company Law
Tribunal in the pay scale of Rs. 67000-79000/- (pre-revised) Level 15 in the pay matrix (Rs. 182200-224400) as per
7th Central Pay Commission with effect from the dates mentioned against each for a period of three years or till the
attaining the age of sixty-five years, whichever is earlier—
Sl. No. Name of the Member Post Date of Joining
(1) (2) (3) (4)
1. Justice (Retd.) Rajesh Dayal Khare Judicial Member 04.07.2019
2. Mohammed Ajmal Judicial Member 04.07.2019
3. Sh. Ajay Kumar Vatsavayi Judicial Member 27.06.2019
4. Sh. Rajasekhar VK Judicial Member 04.07.2019
5. Ms. Suchitra Kanuparthi Judicial Member 04.07.2019
6. Sh. Abni Ranjan Kumar Sinha Judicial Member 21.06.2019
7. Sh.Ashok Kumar Borah Judicial Member 04.07.2019
8. Dr. Poondla Bhaskara Mohan Judicial Member 03.07.2019
9. Ms. Sucharitha R Judicial Member 04.07.2019
10. Sh. Venkata Subba Rao Hari Judicial Member 04.07.2019
11. Sh. Patibandala Satyanarayana Prasad Judicial Member 04.07.2019
12. Sh. Shyam Babu Gautam Technical Member 03.07.2019
13. Sh. Kapal Kumar Vohra Technical Member 28.06.2019
14. Sh. Anil kumar B Technical Member 04.07.2019
15. Ms. Sumita Purkayastha Technical Member 21.06.2019
16. Sh. Rajesh Sharma Technical Member 26.06.2019
17. Sh. Chandra Bhan Singh Technical Member 03.07.2019
18. Sh. Laxmi Narayan Gupta Technical Member 04.07.2019
19. Sh. Satya Ranjan Prasad Technical Member 24.07.2019
20. Sh. Raghu Nayyar Technical Member 28.06.2019
21. Sh. Chockalingam Thirunavukkarasu Technical Member 04.07.2019
22. Sh. Veera Brahma Rao Arekapudi Technical Member 03.07.2019¹Hkkx IIµ[k.M 3(ii)] Hkkjr dk jkti=k % vlk/kj.k 3
23. Sh. Hemant Kumar Sarangi Technical Member 24.06.2019
24. Sh. Ashutosh Chandra Technical Member 04.07.2019
25. Sh. Prasanta Kumar Mohanty Technical Member 04.07.2019
26. Sh. Narender Kumar Bhola Technical Member 28.06.2019
27. Sh. Virendra Kumar Gupta Technical Member 03.07.2019
28. Sh. Binod Kumar Sinha Technical Member 28.06.2019
[F. No. A-12023/01/2018-Ad.IV]
GYANESHWAR KUMAR SINGH, Jt. Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.