We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
1[36AH. Constitution of the Tribunal.-- (1) The Central Government may, for the purpose of this
Part, constitute a Tribunal which shall consist of a Chairman and two other members.
(2) The Chairman shall be a person who is, or has been, a Judge of a High Court or of the Supreme
Court, and, of the two other members, one shall be a person, who, in the opinion of the Central
Government, has had experience of commercial banking and the other shall be a person who is a
chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949).
(3) If, for any reason, a vacancy occurs in the office of the Chairman or any other member of the
Tribunal, the Central Government may fill the vacancy by appointing another person thereto in
accordance with the provisions of sub-section (2), and any proceeding may be continued before the
Tribunal, so constituted, from the stage at which the vacancy occurred.
(4) The Tribunal may, for the purpose of determining any compensation payable under this Part,
choose one or more persons having special knowledge or experience of any relevant matter to assist it
in the determination of such compensation.]
Download our fully-offline, High speed android app.- Click here
1. Ins. by Act 58 of 1968, s. 15 (w.e.f. 1-2-1969)