📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following statements correctly outlines the

    qualifications required for a person to be appointed as a Judicial Member according to the provisions of the Companies Act?
    A A person is eligible for appointment as a Judicial Member if they have served as a judge in any court of record, have a minimum of five years’ experience as a practicing advocate in a High Court, or have held a position as a legal advisor for a minimum of ten years in a governmental organization Correct Answer Incorrect Answer
    B To qualify for appointment as a Judicial Member, an individual must either be a current or former High Court judge, have served as a District Judge for a minimum of ten years, or possess at least ten years of experience as a practicing advocate in any court of law Correct Answer Incorrect Answer
    C An individual is considered for appointment as a Judicial Member if they are or have been a judge of any superior court in the jurisdiction, have held the position of District Judge for a period not less than five years, or have accumulated ten years of practice as a lawyer, provided that the practice includes tenure in both High Court and lower courts Correct Answer Incorrect Answer
    D To be appointed as a Judicial Member, a person must have experience as a judge of a High Court, have served for a minimum of five years as a District Judge, or have been a practicing advocate in a High Court for at least ten years, with the stipulation that such experience must be continuous and unbroken Correct Answer Incorrect Answer
    E The qualifications for appointment as a Judicial Member include having served as a High Court judge, holding a position as a District Judge for no less than ten years, or having a combined experience of ten years as an advocate and a legal consultant in any legal capacity Correct Answer Incorrect Answer

    Solution

    Section 409. Qualification of President and Members of Tribunal: (2) A person shall not be qualified for appointment as a Judicial Member unless he— (a) is, or has been, a judge of a High Court; or (b) is, or has been, a District Judge for at least five years; or (c) has, for at least ten years been an advocate of a court.

    Practice Next
    More Financial Management Questions
    ask-question