Posts and Vacancies in Ministry of Corporate Affairs Recruitment 2023:

The Ministry of Corporate Affairs Recruitment 2023 Official Vacancy Notice has in store 05 Vacancies to be filled as per Vacancy Occurrence Dates explained hereunder:

1st Post: Judicial Member: 05 Vacancies

2nd Post: Technical Member: 05 Vacancies

Vacancy Occurrence Dates: 10.05.2024

Appointment Terms: Initially 05 Years and Re-appointment for further 05 Years, till attaining 65 Years

Monthly Pay under Ministry of Corporate Affairs Recruitment 2023:

The Monthly Pay, in accordance with the Ministry of Corporate Affairs Recruitment 2023 Official Vacancy Circular for Judicial Member and Technical Member Posts may be read as has been narrated here below:

Monthly Pay: Level 15 (Rs.182200-224100)

Office Tenure:  Every Member Appointed as the Judicial Members and Technical Members shall hold the Office and continue Initially for 05-Years’ Term with a Further Extension of 05 Years until 65 Years attained.

Eligibility for Ministry of Corporate Affairs Recruitment 2023:

Note: Detailed Eligibility for Judicial Member and Technical Member Posts is described in the Appended MoCA Recruitment 2023 Official Circular.

The Eligibility for Ministry of Corporate Affairs Recruitment 2023 Official Vacancy Circular for Judicial and Technical Members should have gained the Eligibility Criteria explained hereunder:

Educational and Professional Qualifications and Other Terms and Conditions: The Qualifications, Eligibility, Salary and other Terms and Conditions of the Appointment of any Candidate will be governed by the Provisions of the Tribunals Reforms Act 2021 and the Tribunal (Conditions of Service) Rules 2021. The Main Terms and Conditions are following:

01: Judicial Member Post:

a) is or has been, a Judge of any High Court; Or

b) is a Judicial Member of the National Company Law Tribunal for 05 Years; Or

c) has been an Advocate for 10 Years with Substantial Experience in Litigation in matters relating to Company Affairs before the National Company Law Tribunal, National Company Law Appellate Tribunal, High Court, Or Supreme Court.

02: Technical Member Post:

Any Person of Proven Ability, Integrity, and Standing having Special Knowledge and Professional Experience of Minimum 25 Years in Law, Industrial Finance, Industrial Management Or Administration, Industrial Reconstruction, Investment, Accountancy or any other matter, which is useful to the National Company Law Appellate Tribunal.

Selection Process vide Ministry of Corporate Affairs Recruitment 2023:

The Selection Process for Both Judicial Member and Technical Member Positions under Ministry of Corporate Affairs Recruitment 2023 Official Employment Notice:

Selection Procedure:  The Search-Cum-Section Committee constituted under the Tribunal Reforms Act 2021 for recommending the names for Appointment to the Notified Post(S) shall conduct a Scrutiny of the Applications with respect to  Suitability of Application for the Posts by giving due Weightage to the Qualifications and Experience of the Candidates and shortlisting Eligible Candidates for conducting Personal Interaction.

Final Selection for the Post(s) will be carried through based on the Overall Evaluation of Candidates done by the Committee based on Qualification, Experience, and Personal Interaction.

Terms of Appointment: The Member(s) will draw Pay/Salary in the Pay Matrix Level 14 of the 7th Central Pay Commission Plus Allowances as admissible. Pay Protection is available for the Applicants, serving or retired (Government Officer/Chairman, Vice Chairman, President, Vice-President, Presiding Officer, Member of the Tribunal, Appellate Tribunal or any Authority, or a Judge of the High Court), who are/were in Higher Pay Scale, including Apex Scale under the Government of India. The Pay Scale and other Service Conditions would be governed by the National Company Law Tribunal (Salaries and Allowances and other Terms & Conditions of Service of the President and other Members) Rules 2015.

Any Officer selected, if already in the Government Service, may retain his/her lien with his/her Parent Cadre or Ministry or Department, as the case may be while holding the Office as such for a Period Not Exceeding 01 (One) Year.

Application Procedure for Ministry of Corporate Affairs Recruitment 2023:

The Ministry of Corporate Affairs Recruitment 2023 Official Notification, the Application Procedure for both Judicial Member and Technical Members involves Online Application and subsequent submission of the duly completed Applications in the Prescribed Specimen Proforma receivable before 19.07.2023 and 31.07.2023 respectively.

The Applicants should generate/take Printout of Respective Online Applications after Final Submission duly completed and signed annexed with the Copies of uploaded documents, and through Proper Channel wherever Applicable, should reach Mr. Riazul Haque, Under Secretary, Ministry of Corporate Affairs, Room No 526 ‘A’ Wing, 5th Floor, Shastri Bhawan, New Delhi-110 001 up to 31.07.2023 (Closing Office Hours 1730 Hours).