Section - 409, Qualification of President and Members of Tribunal (CA, 2013)

Section - 409, Qualification of President and Members of Tribunal (CA, 2013)

Co. Law, Sebi, Audit & A/c

Qualification of President and Members of Tribunal.

(1) The President shall be a person who is or has been a Judge of a High Court for five years.


(2) A person shall not be qualified for appointment as a Judicial Member unless he—


(a) is, or has been, a judge of a High Court; or


(b) is, or has been, a District Judge for at least five years; or


(c) has, for at least ten years been an advocate of a court.


Explanation.—For the purposes of clause (c), in computing the period during which a person has been an advocate of a court, there shall be included any period during which the person has held judicial office or the office of a member of a tribunal or any post, under the Union or a State, requiring special knowledge of law after he become an advocate.


(3) A person shall not be qualified for appointment as a Technical Member unless he—


(a) has, for at least fifteen years been a member of the Indian Corporate Law Service or Indian Legal Service *1*[and has been holding the rank of Secretary or Additional Secretary to the Government of India]; or


(b) is, or has been, in practice as a chartered accountant for at least fifteen years; or


(c) is, or has been, in practice as a cost accountant for at least fifteen years; or


(d) is, or has been, in practice as a company secretary for at least fifteen years; or


*2*[(e) is a person of proven ability, integrity and standing having special knowledge and professional experience of not less than fifteen years in industrial finance, industrial management, industrial reconstruction, investment and accountancy].


(f) is, or has been, for at least five years, a presiding officer of a Labour Court, Tribunal or National Tribunal constituted under the Industrial Disputes Act, 1947(14 of 1947).


Notes:-


*1*. Subs. by Act 1 of 2018, s. 82, for “out of which at least three years shall be in the pay scale of Joint Secretary to the Government of India or equivalent or above in that service” (w.e.f 9-2-2018).


*2*. Subs. by Act 1 of 2018, s. 82, for clause (e) (w.e.f. 9-2-2018).



CONCEPTS