* [10B. Establishment
of Tribunal.-(1) On receipt of any application under
section 10A, the Central Government shall, by notification,
establish a Tribunal consisting of a Presiding Officer and
two other Members to decide such dispute and the decision
of such Tribunal
shall be final.
(2) A person shall not be qualified for appointment,-
(a) as a Presiding Officer of the Tribunal unless he has
been a member of the Indian Legal Service and has held a post
in Grade I of the service for at least three years;
(b) as a Member unless he has been a member of the Council
for at least one full term and who is not a sitting member
of the Council or who has not been a candidate in the election
under dispute; or
(c) as a Member unless he holds the post of a Joint Secretary
to the Government of India or any other post under the Central
Government carrying a scale of pay which is not less than
that of a Joint Secretary to the Government of India.
(3) The terms and conditions of service of the Presiding
Officer and Members of the Tribunal, their place of meetings
and allowances shall be such as may be specified.
(4) The expenses of the Tribunal shall be borne by the Council.]
*[Inserted by Company Secretaries (Amendment) Act, 2006 w.e.f
8-8-2006]
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