Section 417 of the Companies Act, 2013
📘 Section 417 of the Companies Act, 2013
– Staff of Tribunal and Appellate Tribunal
⚖️ Provision Summary:
Section 417 provides for the appointment of officers and employees to assist the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT).
🧾 Key Points of Section 417:
Staffing of NCLT and NCLAT:
The Central Government shall provide the Tribunal and Appellate Tribunal with:
Officers
Other employees
These staff members will help the Tribunal and Appellate Tribunal efficiently discharge their functions.
Powers and Conditions:
The officers and employees shall perform their functions under the general superintendence of the President (NCLAT) or the President/Members (NCLT).
Their terms and conditions of service are prescribed by the Central Government.
🛑 Objective:
To ensure that both NCLT and NCLAT have adequate administrative support for smooth functioning, and their staff operate under proper control and guidance.
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