Company Law Board (Qualifications, Experience and other Conditions of Service of Members) (Amendment) Rules, 2014 – G.S.R. 197(E) – Dated 20-3-2014 – Companies Law

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 20th March, 2014

G.S.R. 197(E).—In exercise of the powers conferred by sub-section (2A) of Section 10E read with clause (a) of sub-section (1) of Section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) Rules, 1993, namely:—

1. (1) These rules may be called the Company Law Board (Qualifications, Experience and other Conditions of Service of Members) (Amendment) Rules, 2014.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Company Law Board (Qualifications, Experience and Other Conditions of Service of Members) Rules, 1993, in rule 8, the following proviso shall be inserted, namely:—

“Provided that the Central Government may, if it considers it necessary in public interest so to do, give extension in service to the Chairman, Vice Chairman and Members upto a maximum period of one year or till constitution of the National Company Law Tribunal, whichever is earlier”.

[F. No. A-12018/1/2011-Ad.IV]

AMARDEEP S. BHATIA, Jt. Secy.

Note : The Principal rules were published in the Gazette of India, vide G.S.R. 388(E), dated the April, 28, 1993 and subsequently amended vide G.S.R. 503(E), dated the June 3, 1994, G.S.R. 253(E), dated the May 28, 1996, G.S.R. 532(E), dated the November 20, 1996, G.S.R. 49(E), dated the January 31, 1997, G.S.R. 370(E), dated the June 30, 1998, G.S.R. 203(E), dated the March 12, 1999, G.S.R. 680(E), dated the September 30, 1999, G.S.R. 683(E), dated the October 5, 1999, G.S.R. 588 (E), dated the September 13, 2007 and G.S.R. 502(E), dated the June 29, 2011.

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