Skip to content

CS Executive · Company Law and Practice · Introduction to Company Law

On the dissolution of the Company Law Board, how does section 466 treat an officer who was employed on a regular basis by that Board?

A regular employee of the Company Law Board becomes an employee of the Tribunal or Appellate Tribunal with the same pension, gratuity and similar benefits, and is not entitled to compensation under the Act or any other law. Reversion to a parent cadre applies to deputationists.

  1. AHe vacates office and may claim compensation for premature termination
  2. BHe becomes an officer of the Tribunal or Appellate Tribunal with the same pension, gratuity and similar rights, and cannot claim compensation under the Act or any other lawCorrect
  3. CHe is reverted to a parent Ministry in every case
  4. DHe becomes an employee of the Registrar of Companies

Explanation

Under section 466(1), regular employees of the Company Law Board become employees of the Tribunal or Appellate Tribunal with the same rights to pension, gratuity and like benefits, and are not entitled to compensation. Reversion to a parent cadre applies to deputationists who do not meet the qualifications, not to regular employees.

Did you get it right without looking?

One question tells you little. A timed set on Introduction to Company Law shows your real accuracy, how long you take and where you lose marks.

Practise Introduction to Company LawFree diagnostic mock

More Introduction to Company Law questions