Skip to content

CMA Final · Corporate Financial Reporting · Absorptions, Amalgamations, External Reconstruction

Under Section 411 of the Companies Act, 2013, which person is eligible to be the chairperson of the Appellate Tribunal?

The chairperson of the Appellate Tribunal must be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court, under Section 411(1). Other qualifications listed relate to the President, judicial members or technical members.

  1. AA person who is or has been a Judge of the Supreme Court or the Chief Justice of a High CourtCorrect
  2. BA person who has been a High Court Judge for five years
  3. CA person with twenty-five years of experience in industrial finance and accountancy
  4. DA Judicial Member of the Tribunal for five years

Explanation

Section 411(1) states that the chairperson shall be a person who is or has been a Judge of the Supreme Court or the Chief Justice of a High Court. The five-year High Court judge test is for the President of the Tribunal under Section 409, and the twenty-five year experience is for technical members.

Did you get it right without looking?

One question tells you little. A timed set on Absorptions, Amalgamations, External Reconstruction shows your real accuracy, how long you take and where you lose marks.

Practise Absorptions, Amalgamations, External ReconstructionFree diagnostic mock

More Absorptions, Amalgamations, External Reconstruction questions