Section 85 - Amendment of section 412 - Companies (Amendment) Act, 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. .