Tribunal wants to appoint Mr A as a President of NCLT even there is already One President Is the act...........

Companies Act-Phase (I & II) NCLT & NCLAT

Tribunal wants to appoint Mr. A as a President of NCLT even there is already One President, Is the action of Tribunal is correct?

Yes, as there can be more than One President in NCLT,

No, as there is already one President,

No, as Tribunal doesn’t have power to appoint President,

None of the above

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Explanation:

According to Section 408 of the Companies Act, 2013, the Central Government shall, by notification1, constitute with effect from such date (1st June 2016) as may be specified therein, a Tribunal to be known as the National Company Law Tribunal consisting of a President and such number of (Judicial and Technical) members, as the Central Government may deem necessary.