Statutory Meaning & Definition
A member of NCLT who is or has been a High Court judge, or has held a judicial post for at least 15 years, appointed under Section 409 of Companies Act 2013. Presides over benches and handles legal questions.
Frequently Asked Questions (FAQs)
What is Judicial Member in Indian corporate law?
A member of NCLT who is or has been a High Court judge, or has held a judicial post for at least 15 years, appointed under Section 409 of Companies Act 2013. Presides over benches and handles legal questions.
Why is Judicial Member important for compliance?
Judicial Member is adjudicated by the National Company Law Tribunal under the Companies Act, 2013 or IBC. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Judicial Member?
Judicial Member is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with NCLT regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to NCLT:
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