Section 15A
Qualifications, terms and conditions of service of Chairperson.
The Recovery Of Debts And Bankruptcy Act, 1993
About this Act
An Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions and for matters connected therewith or incidental thereto.
1[15A. Qualifications, terms and conditions of service of Chairperson.-- Notwithstanding anything contained
in this Act, the qualifications, appointment, term of office, salaries and allowances, resignation, removal and the
terms and conditions of service of the Chairperson of the Appellate Tribunal appointed after the commencement of
2[the Tribunals Reforms Act, 2021, shall be governed by the provisions of Chapter II of the said Act]:
Provided that the Chairperson appointed before the commencement of Part XIV of Chapter VI of the Finance Act, 2017 (7 of 2017), shall continue to be governed by the provisions of this Act, and the rules made thereunder as if the provisions of section 184 of the Finance Act, 2017 had not come into force.]
Provided that the Chairperson appointed before the commencement of Part XIV of Chapter VI of the Finance Act, 2017 (7 of 2017), shall continue to be governed by the provisions of this Act, and the rules made thereunder as if the provisions of section 184 of the Finance Act, 2017 had not come into force.]
Notes
1. Ins. by Act 7 of 2017, s. 179 (w.e.f. 26-5-2017).
2.Subs. by Act 33 of 2021, s. 18, for Part XIV of Chapter VI of the Finance Act, 2017 (7 of 2017), shall be governed by the provisions of section 184 of that Act (w.e.f. 4-4-2021).
2.Subs. by Act 33 of 2021, s. 18, for Part XIV of Chapter VI of the Finance Act, 2017 (7 of 2017), shall be governed by the provisions of section 184 of that Act (w.e.f. 4-4-2021).