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Date: 25-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Tribunals Reforms Act 2021 33 of 202

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification from the Ministry of Corporate Affairs, Government of India, dated September 25, 2024, announces the appointment of four new members to the National Company Law Appellate Tribunal (NCLAT).

Key Changes

  • Four individuals have been appointed to the NCLAT: two Judicial Members and two Technical Members.
  • The appointments are for a period of four years, or until the age of 67, or until further orders, whichever comes first.
  • The appointed Judicial Members are Justice Shri Yogesh Khanna and Justice Shri Sharad Kumar Sharma.
  • The appointed Technical Members are Shri Jatindranath Swain and Shri Indevar Pandey.

Impact Analysis

Impact on NCLAT

  • Potential changes in the decision-making dynamics of the Tribunal due to the addition of new members with varied expertise and perspectives.

Impact on Businesses

  • The composition of the Tribunal may influence the outcome of appeals, potentially impacting business strategies and decisions.

Impact on Legal Professionals

  • The new members' judicial philosophies and interpretations of the law could impact legal strategies.

Suggested Action Items

  • Engage with the NCLAT to understand its priorities and strategies for handling the increased workload.

Key Entities Referenced

National Company Law Appellate Tribunal (NCLAT): The appellate body for appeals arising from orders or decisions passed by the National Company Law Tribunal (NCLT). Companies Act, 2013 (18 of 2013): The primary legislation governing companies in India. Tribunals Reforms Act, 2021 (33 of 2021): Legislation aimed at reforming various tribunals in India, including the NCLAT. Ministry of Corporate Affairs: The Indian government ministry responsible for corporate law and regulation.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27092024-257537 CG-DxLx-xEG-I2D7H0x9x2x0 24-257537 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.ं 3838] नई दिल्ली, बुधिार, जसतम्ब र 25, 2024/आज‍ि न 3, 1946 जतिार, जसतम्ब र 25, 2024/भार 21, 1946 No. 3838] NEW DELHI, WEDNESDAY, SEPTEMBER 25, 2024/ASVINA 3, 1946 MBER 25, 2024/BHADRA 21, 1946 कारपोरेट कार् य मत्रं ालर् अजधसचू ना नई दिल्ली, 25 जसतम्ब र, 2024 का.आ. 4196(अ).—केन्द्रीर् सरकार, अजधकरण सुधार अजधजनर्म, 2021 (2021 का 33) की धारा 3 की उप-धारा (2) के साथ पठित कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 410 द्वारा प्रित्त िजिर्ों का प्रर्ोग करत े हुए, जनम्नजलजखत व्यजिर्ों को, राष्ट्रीर् कंपनी जिजध अपील अजधकरण में, ऐसे सिस्ट्र् का कार्यभार ग्रहण करने की तारीख स े चार िर्षों की अिजध के जलए, र्ा सड़सि िर्ष य की आर् ु प्राप्त करन े तक, इनम ें र्ा अगल े आिेिों तक, िो भी पहले हो, न्द्र्ाजर्क सिस्ट्र् और तकनीकी सिस्ट्र् के रूप म ेंजनर्ुि करती ह,ै अथायतः- (1) न्द्र्ार्मूर्तय श्री र्ोगेि खन्ना - न्द्र्ाजर्क सिस्ट्र्; (2) न्द्र्ार्मूर्तय श्री िरि कुमार िमा-य न्द्र्ाजर्क सिस्ट्र्; (3) श्री िजतन्द्रनाथ स्ट्िेन- तकनीकी सिस्ट्र्; (4) श्री इन्द्िेिर पाण्डेर्- तकनीकी सिस्ट्र्. [फा. सं. ए-12023/2/2023-प्रिा.IV-एमसीए अनीता िाह आकेल्ला, संर्ुि सजचि 6222 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 25th September, 2024 S.O. 4196(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 of the Tribunals Reforms Act, 2021 (33 of 2021), the Central Government hereby appoints following persons as Judicial Members and Technical Members in the National Company Law Appellate Tribunal for a period of four years from the date he assumes office of such member, or till attaining the age of sixty-seven years or until further orders, whichever is the earliest, namely:- (1) Justice Shri Yogesh Khanna- Judicial Member; (2) Justice Shri Sharad Kumar Sharma- Judicial Member; (3) Shri Jatindranath Swain- Technical Member; (4) Shri Indevar Pandey- Technical Member. [F. No. A-12023/2/2023-Ad.IV-MCA] 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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