**Policy Summary:**
This notification, S.O. 3705(E), issued by the Ministry of Corporate Affairs on October 14, 2019, delegates specific powers and functions of the Central Government, as outlined in subsection (1) of section 458 of the Companies Act, 2013 (18 of 2013), to the President and Chairperson of the Tribunal and the Appellate Tribunal. Specifically, the delegation pertains to providing officers and other employees to the aforementioned Tribunal and Appellate Tribunal, as referenced in subsection (1) of section 418 of the Companies Act, 2013. This delegation is subject to conditions specified in the recruitment rules of the respective posts, as approved and notified by the Central Government. The notification was issued under File No. A-12018/02/2017-Ad.IV and signed by K. V. R. Murty, Joint Secretary.
Key Entities Referenced
Companies Act, 2013: An act of the parliament of India that regulates incorporation of companies, responsibilities of a company, directors, dissolution of a company.
New Delhi: The capital of India, where the Ministry of Corporate Affairs is located and from where the notification is issued.
Ministry of Corporate Affairs: The ministry responsible for administering the Companies Act, 2013 and other related laws and regulations in India.
Central Government: The executive authority of the Union of India.
Tribunal: Refers to a judicial body or authority established to adjudicate specific types of disputes or cases.
Appellate Tribunal: A higher judicial body that hears appeals from decisions made by lower tribunals or courts.
K. V. R. Murty: Joint Secretary in the Ministry, as indicated by the signature at the end of the notification.
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MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 14th October, 2019
S.O. 3705(E).—In exercise of the powers conferred by sub-section (1) of section 458 of the Companies
Act, 2013 (18 of 2013), the Central Government hereby delegates its powers and functions under sub-section (1) of
section 418 of the said Act (hereinafter referred to as the said sub-section) to provide officers and other employees to the
Tribunal and the Appellate Tribunal referred to in the said sub-section to the President and Chairperson of the said
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.
[F. No. A-12018/02/2017- Ad-IV/P]
K. V. R. MURTY, Jt. Secy.
5354 GI/2019
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.