Section 418 of the Companies Act, 2013
Section 418 of the Companies Act, 2013
– Staff of Tribunal and Appellate Tribunal
⚖️ Bare Act Provision:
Section 418:
(1) The Central Government shall, in consultation with the Tribunal or the Appellate Tribunal, provide the Tribunal and the Appellate Tribunal with such officers and other employees as may be necessary for the exercise of their powers and efficient discharge of their functions under this Act.
(2) The salaries and allowances and other terms and conditions of service of the officers and other employees of the Tribunal and the Appellate Tribunal shall be such as may be prescribed.
✅ Explanation:
Section 418 lays down the framework for staffing and administrative support to:
NCLT (National Company Law Tribunal)
NCLAT (National Company Law Appellate Tribunal)
Key points:
The Central Government is responsible for appointing staff.
Such appointments are made in consultation with NCLT/NCLAT.
Rules prescribe service conditions, salaries, and other employment terms.
📚 Related Rules:
Governed under the National Company Law Tribunal Rules, 2016 and
Appellate Tribunal (Conditions of Service of President and other Members) Rules, 2015
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