Statutory Meaning & Definition
A member of NCLT appointed from persons with expertise in economics, commerce, finance, accountancy, law, or administration under Section 409 of Companies Act 2013. Sits with a Judicial Member to form a Bench.
Frequently Asked Questions (FAQs)
What is Technical Member in Indian corporate law?
A member of NCLT appointed from persons with expertise in economics, commerce, finance, accountancy, law, or administration under Section 409 of Companies Act 2013. Sits with a Judicial Member to form a Bench.
Why is Technical Member important for compliance?
Technical 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 Technical Member?
Technical 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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