Section 410. Constitution of Appellate Tribunal

410. Constitution of Appellate Tribunal. —The Central Government shall, by notification, constitute, with effect from such date as may be specified therein, an Appellate Tribunal to be known as the National Company Law Appellate Tribunal consisting of a chairperson and such number of Judicial and Technical 1. Subs. by Act 1 of 2018, s. 82, for "out of which at least three years shall be in the pay scale of Joint Secretary to the Government of India or equivalent or above in that service" (w.e.f 9-2-2018). 2. Subs. by Act 1 of 2018, s. 82, for clause (e) (w.e.f. 9-2-2018). Members,[1] *, as the Central Government may deem fit, to be appointed by it by notification,[2] [for hearing appeals against— (a) the[3] [orders of the Tribunal or of the National Financial Reporting Authority] under this Act; and (b) any direction, decision or order referred to in[4] [section 53A] of the Competition Act, 2002 (12 of 2002) in accordance with the provisions of that Act]. — 411. Qualifications of chairperson and Members of Appellate Tribunal. (1) 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. (2) A Judicial Member shall be a person who is or has been a Judge of a High Court or is a Judicial Member of the Tribunal for five years. 5[(3) A technical member shall be a person of proven ability, integrity and standing having special knowledge and professional experience of not less than twenty-five years in industrial finance, industrial management, industrial reconstruction, investment and accountancy.]