Investigation of misbehavior / incapacity of NCLAT NCLT Chairperson/ President etc.

Investigation of misbehavior/incapacity of NCLAT / NCLT Chairman/President etc. MCA notifies Rules for Inquiry Procedures

NCLT & NCLAT Procedure for investigation of misbehavior or incapacity of Chairperson, President and other Members Rules, 2020.

Ministry of Corporate Affairs have notified the National Company Law Tribunal and National Company Law Appellate Tribunal (Procedure for investigation of misbehavior or incapacity of Chairperson, President and other Members) Rules, 2020.

Applicability:
These rules shall be applicable to the President, Judicial Member and Technical Members  of  the  National  Company  Law  Tribunal  and  Chairperson,  Judicial  Members  and  Technical  Members [appointed  before  the  commencement  of  Part  XIV  of  Chapter  VI  of  the  Finance  Act,  (7  of  2017)]  of  the  National Company Law Appellate Tribunal established under the Act. However the rules shall not  apply  to  sitting  judge of the High Court.

Investigation Committee
The Central Government after Preliminary scrutiny, if considers necessary to investigate into the allegation, shall place the complaint before a Committee headed by Cabinet Secretary to investigate the charges of allegations made in the complaint. The Committee shall submit its findings to the President of India

 Inquiry to be conducted by a Judge of the Supreme  Court
If the President of India is of the opinion that there are reasonable grounds for making an inquiry on the allegations, it shall make a reference to the Chief Justice of India to nominate a Judge of the Supreme Court to conduct such inquiry.

Inquiry Report
After the conclusion of the investigation, the Judge shall submit his report to the President of India stating  therein his findings and the reasons therefor on each of the articles of charges separately with his observations on the whole case.

Suspension of the Member
The Central Government may, with the concurrence of CJI, keeping in view the gravity of charges, suspend the Member of the Tribunal against whom reference has been made until the Central Government passes orders on receipt of the inquiry report from the Judge of the Supreme Court.

Download MCA Notification Click Here >>

• FDCM invites application for empanelment of practising CAs/ Chartered Accountant Firms
• PGRI invites application for CAs for empanelment for Circulation Verification work
• CBDT notifies revised Form for registration as valuer & authorised income tax practitioner
• Curtailing time to file reply to notice u/s 148A(b) from 30 days prejudiced assessee’s right – HC
• For registration u/s 12AB, applicability of proviso to section 2(15) can’t be adjudicated