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Sec 414 Companies Act 2013: Tribunal Members - Salary, allowances, etc

SECTION-414 (Salary, allowances and other terms and conditions of service of Members) under CHAPTER-XXVII (National Company Law Tribunal and Appellate Tribunal) of the Companies Act, 2013 -

The salary, allowances and other terms and conditions of service of the Members of the Tribunal and the Appellate Tribunal shall be such as may be prescribed:

Provided that neither the salary and allowances nor the other terms and conditions of service of the Members shall be varied to their disadvantage after their appointment.




Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013)


(2) Section 414 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013)

(3) Also refer:
  • National Company Law Tribunal Rules, 2016 (notified on 21st July 2016)
  • National Company Law Appellate Tribunal Rules, 2016 (notified on 21st July 2016)
  • National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015 and National Company Law Appellate Tribunal (Salaries and Allowances and other terms and conditions of service of the Chairperson and other Members) Rules, 2015 (notified on 21st September 2015)
Note: Please check MCA site for any further amendments to the Rules.





This page was last updated on 2nd June, 2017.

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