Clause 85 - Amendment of section 412. - Companies (Amendment) Bill, 2017

Amendment of section 412. 85. In section 412 of the principal Act, for sub-section ( 2 ), the following sub-sections shall be substituted, namely:- ( 2 ) The Members of the Tribunal and the Technical Members of the Appellate Tribunal shall be appointed on the recommendation of a Selection Committee consisting of- ( a ) Chief Justice of India or his nominee - Chairperson; ( b ) a senior Judge of the Supreme Court or Chief Justice of High Court - Member; ( c ) Secretary in the Ministry of Corporate Affairs - Member; and ( d ) Secretary in the Ministry of Law and Justice - Member. (2A) Where in a meeting of the Selection Committee, there is equality of votes on any matter, the Chairperson shall have a casting vote. .