Home India Ministry of Corporate Affairs Revision of tenure of Members in National Company Law Appell...
Date: 2022-09-29 Category: Extra Ordinary State: Union Government Country: India

Revision of tenure of Members in National Company Law Appellate Tribunal

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

## Report on Extension of Tenure for Members of the National Company Law Appellate Tribunal **1. Executive Summary:** This report analyzes a notification issued by the Ministry of Corporate Affairs on September 29, 2022. The notification serves as an amendment extending the tenure of specified Judicial and Technical Members of the National Company Law Appellate Tribunal (NCLAT). The core purpose of this amendment is to ensure continuity in the functioning of the NCLAT by prolonging the service of experienced members. The key finding is that the tenure of the mentioned members is extended for a period of one year, until they reach the age of 67, or until further orders, whichever comes first, effective from the expiry date of their original tenure. **2. Introduction:** This report aims to provide a comprehensive overview of the Ministry of Corporate Affairs' notification regarding the extension of tenure for certain members of the National Company Law Appellate Tribunal (NCLAT). This analysis is based solely on the information provided within the notification text. **3. Policy Overview:** * This notification acts as an amendment to the original appointment notification No. S.O. 1050 E, dated March 12, 2020, published in the Gazette of India. * The core objective, inferred from the text, is to maintain the operational capacity and expertise within the NCLAT by extending the service period of existing Judicial and Technical Members. **4. Background and Rationale:** This is an amendment, and the likely reason for this specific amendment is to ensure continued efficient operation of the NCLAT. By extending the tenure of experienced members, the amendment prevents potential disruptions in the tribunal's proceedings and maintains institutional knowledge. It likely addresses a need for continued expertise within the NCLAT, possibly due to a delay in appointing new members, an increased workload, or a strategic decision to retain experienced personnel. **5. Key Provisions / Changes:** This notification introduces the following specific changes: * **Original Policy Changed:** The original Notification No. S.O. 1050 E, dated the 12th March, 2020, which defined the initial tenure of the listed members, is being amended. * **New Rule/Provision:** The tenure of Justice Retd. Shri Anant Bijay Singh (Judicial Member), Ms. Shreesha Merla (Technical Member), and Shri Alok Srivastava (Technical Member) is extended. The extension is subject to the following conditions: * The extension is for a period of one year. * The extension lasts until the member attains the age of 67 years. * The extension lasts until further orders are issued. * The extension is effective from the date of expiry of the member's original tenure under the original notification. * **Effect of the Change:** This amendment allows the specified members to continue serving on the NCLAT beyond their originally appointed term, subject to the stated conditions. This ensures continued access to their expertise and experience within the tribunal. **6. Target Audience and Stakeholders:** The primary stakeholders directly affected by this amendment are: * Justice Retd. Shri Anant Bijay Singh * Ms. Shreesha Merla * Shri Alok Srivastava * The National Company Law Appellate Tribunal (NCLAT) itself. * Companies and individuals involved in cases before the NCLAT, as they will benefit from the continued expertise of these members. **7. Implementation Aspects (Inferred):** * **Responsible Agency:** The Ministry of Corporate Affairs is responsible for implementing this amendment. * **Timelines:** The extension is effective from the date of expiry of the member's original tenure. The extended tenure is capped at one year or until the member reaches the age of 67. * **Procedures:** No specific procedures are detailed in the provided text, but it can be inferred that administrative processes will be followed to formally extend the tenure of the listed members. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this amendment is to: * Ensure continuity and stability in the functioning of the NCLAT. * Maintain the tribunal's expertise and experience in handling complex corporate law matters. * Prevent potential delays or disruptions in the resolution of cases before the NCLAT. * Allow the NCLAT to continue operating effectively while potentially addressing any gaps in the appointment of new members. **9. Conclusion:** The Ministry of Corporate Affairs' notification extends the tenure of specified Judicial and Technical Members of the NCLAT, effective from the expiry of their original tenure. This amendment serves as a measure to maintain operational efficiency and expertise within the tribunal. This decision has implications for the NCLAT's stakeholders, particularly those involved in ongoing or future cases, as it secures the continued involvement of experienced members. The amendment reflects the government's commitment to the stability and effectiveness of the NCLAT in resolving corporate law disputes.

Key Entities Referenced

Companies Act, 2013: A law enacted in 2013, cited as the basis for the notification. Tribunals Reforms Act, 2021: A law enacted in 2021, cited as the basis for the notification. Central Government: The governing authority extending the tenure of members. National Company Law Appellate Tribunal: The organization where the judicial and technical members are appointed. Justice Retd. Shri Anant Bijay Singh: Judicial Member in the National Company Law Appellate Tribunal whose tenure is extended. Ms. Shreesha Merla: Technical Member in the National Company Law Appellate Tribunal whose tenure is extended. Shri Alok Srivastava: Technical Member in the National Company Law Appellate Tribunal whose tenure is extended. Anita Shah Akella: Jt. Secy. New Delhi: Location of publication of the notification; also the seat of the Ministry of Corporate Affairs, Delhi, India Ministry of Corporate Affairs: The government ministry issuing the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-29092022-239220 xxxGIDHxxx CG-DL-E-29092022-239220 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4393] नई दिल्ली, बृहस्ट्प जतिार, जसतम्ब र 29, 2022/आज‍ि न 7, 1944 No. 4393] NEW DELHI, THURSDAY, SEPTEMBER 29, 2022/ ASVINA 7, 1944 कारपोरेट कार् यमत्रं ालर् अजधसचू ना नई दिल्ली, 29 जसतम्ब र, 2022 का.आ. 4583(अ).—केंद्रीर् सरकार, अजधकरण सुधार अजधजनर्म, 2021 (2021 का 33) की धारा 3 की उपधारा (2) और धारा 5 के साथ पठित कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 410 द्वारा प्रित्त िजिर्ों का प्रर्ोग करत े हुए, राष्ट्रीर् कंपनी जिजध अपील अजधकरण में भारत के रािपत्र, असाधारण, भाग-II, खडं 3, उपखंड (ii) म ें प्रकाजित तारीख 12 माचय, 2020 की अजधसूचना स.ं का.आ. 1050(अ) द्वारा जनर्ुि जनम्नजलजखत न्र्ाजर्क सिस्ट्र्ों और तकनीकी सिस्ट्र्ों के कार्यकाल को उि अजधसूचना के अधीन उनके कार्यकाल की समाजि की तारीख से उन्हीं जनबंधन ि ितों पर एक िर् य की अिजध के जलए र्ा 67 िर्य की आर्ु प्राि करने तक र्ा अगले आििे तक, िो भी पहले हो, बढाती ह।ै क्र.स.ं सिस्ट्र् का नाम न्र्ाजर्क सिस्ट्र्/तकनीकी सिस्ट्र् 1. न्र्ार्धीि (सेिाजनिृत्त) श्री अनतं जबिर् ससंह न्र्ाजर्क सिस्ट्र् 2. सुश्री श्रीिा मेरला तकनीक सिस्ट्र् 3. श्री आलोक श्रीिास्ट्ति तकनीकी सिस्ट्र् [फा. सं. ए-40012/1/2020-प्रशा.IV] अनीता िाह आकेल्ला, संर्ुि सजचि 6537 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 29th September, 2022 S.O. 4583(E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013 (18 of 2013) read with sub-section (2) of section 3 and section 5 of the Tribunals Reforms Act, 2021 (33 of 2021), the Central Government hereby extends the tenure of the following Judicial Members and Technical Members in the National Company Law Appellate Tribunal appointed, vide Notification No. S.O. 1050 (E), dated the 12th March, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), with same terms and conditions for a period of one year or till attaining the age of 67 years or until further order, whichever is the earliest with effect from their date of expiry of the tenure under the said Notification. Sl. No. Name of the Member Judicial Member/ Technical Member 1. Justice (Retd.) Shri Anant Bijay Singh Judicial Member 2. Ms. Shreesha Merla Technical Member 3. Shri Alok Srivastava Technical Member [F. No. A-40012/1/2020-Ad.IV] ANITA SHAH AKELLA, 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.

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