Rule, 1998

Text

Reproduced from the document India Code holds for this instrument. The Gazette prints Hindi and English side by side and this is the English; the Department's own PDF remains the authority.

(~Tr111-~ 3(i)]

MINISTRY OF FINANCE

(Dcapa rtmcnt of Econnmic Affairs} (Banking Division)

NOTIFICATION

(b) (c) (d) (c) New Delhi, the 19th Ianuary, I()n C .S. R. 31 (E).- In exercise of the powers can Icrrcd by section 9 read with c lausc (c) 0 I' sub-Sect ion :2of sect ion 3() or the Recovery or Debts Due 10 Ilanks and Financial Institutions Act, 1<)()3 (5101' 19<)J), the Central Govcrnmcut hereby makes tlie roll<lwing rules, namely: ,..

I, Short title and COll1nlenCeIllCllt.- (I) These rules may be called the Debts Recovery Appellate Tribunal (Procedure for ;:lppoinlnlellt as Presiding Or/icer of the Appellate Tribunal) Rules, I<)n:'

(2) 'They sliall c(~l1e into force on the date oftheir publication in the Official Gazelle, 2, Iklinitions,--·- In these rules, unless the context otherwise requircs,-- "Act" III<:;UIS the Recovery or Debts I)uc to Ilanks and Financial Institutions Act, I')')] (5 It I ')(!.»: "Appellalc Trihuual" means the Debts Recovery Appellate Tribunal established under section X or the Act: "Prcsiding OrJiccr" means a person appointed as Presiding Officer or an Appellate Tribunal under section <) or the Act:

"Reserve llank " means the Reserve Bauk of India constituted under section 3 of rhc Reserve Bank of India Act. 1<)34 (2 of 193..)):

I I I all other words and expressions used alld 1I0t defined ill these rules but delined in the Act sh;1I1 have the IlIe;lIli!I~'.' respectively assigucd to them ill the Act.

.i. Method of appointment under section () of the Act. - (I) For the purpose or nppoinuucnt to the post or" l'rcsid ill:: '" ." .f Y.~· .' • • ...-..... '-

(i) The Chid Justice of Illdia or a Judge or the Supreme Court or India as 110111inatcd by the Ch ic!' .lust ice oflndi.r:

(ii) the Secretary to the Government of lndia in the Ministry of Finance (Dcparuncnt or Econorn ic Alfairx):

(iii) the Sccrcrnry to the Government of India in the Ministry of Law and Justice:

(iv) the Govcrnor.i of the Reserve 8;1IIk O!' the Deputy Governor or the Reserve Bank nominated by the COVCI'll<l!' \11 the Reserve Bank:

(v) Al'nSpeci<lV.l\dditiol1JI Secretary 10 the GOVC:I'nI1lClIl or lndia ill tile!VlinislI'y of Finance, Dcp.mmcnt or I~Lo)ntlllll'" All;lirs, (8ankin!!. Divisiou) oran (1 t"lice I' not below the rank olJouu SCCI'e!;II'\' ill the [3;lIlkin!!.l)i\'isioIlIIOllll<l;lll",1 [1\ the,§peci;lYAdditioll<l1 Sccretarv in the Bauking Division. •. - (21 The ChiefJustice olIndi.: the .iCld!,!c or the Supreme Court shall be the Chuirman ofrhc Seicctillll Commiucc.

(3) Anv three members of the Commiuce inclutiilig the Chairman shall tonn a quorum 1'01' Illcctillg or the Comuutu- (-1) Th\' :--;cicctilln Conuniuee llIay devise its 0\\'11 procedure I'm selL-cting a candid.ue lor aPf'')illtmel1t as Prcsidir«: t" 1ThL' Sclection Committee sh:111 recommend persons l(lI" appouiuucnr JS Presiding Officer 1'1'0111amongst the PC:i'·,' -t . 011 the list (11 cllitiicbtl'S prepared Ill' the Minisu. otlinuncc :11'1\'1"ill\'itillg applications therefor hv advertisement. «)! Thl' Cl'l1lr;1i l; ovcrnm en: shall 011 rhe b~ISIS or the recommendations of the Selection Committee makc « II" JlL'l""'11" ,,'I','l'iL'd lor ;ll1p"intI11Cllt as Presiding Officer and the xnid hxt shall be valid far a period oftwo ye<ll's, The ,lppoilltll:':'ll "f;II'rc,iciIW: (iI'licl'r shall he made 1'1'0111till' list Stl prepared, 1'111:ljAI.LTTE OF INDIA: EXTI<AORDIN/\I\y ,~. 'Medical Pill1ess.- No Jl~rsoll shall be appointed as a Presiding Officer unless he is dcclnrcd medically lit hy a Medica] BO;Jr(j to be constituted by the Central Government for the purpose unless he has already been declared IiI by an equivalent authority.

5. Inlerprel<llion.- II' anv question arises relating 10 the interpretation or these m1cs,the same shnl] he referred 10 Ihe C cutral Government for its dccisiou.

(). S;lving.- Nothing in these rules sh;111 ;!llect reservations, relaxation ol'age limit and other concessions required 10 he provi(kd Ill!' the Scheduled Castes, Scheduled TI'th's, other Ilackll':ml Classes, ex-servicemen ;1!ld other special c~tcgnries nl' I'l'rSI)IIS. in accordance with the orders issued bv the Central Govcnuucnt Iroiu rime In time in this regard. -: (l:l!hs of office and secrecy - Every person appointed to be I'rdiding Officer under section 9 ofthe ACI shall. before "1';,: !1I'! 11j'''11 his of lice, make and subscribe an oath of office alld secrecy ill the F()I'IIIS :lnllL'.\cd 10 these rules.

ANNEXURE

FORM-I

(Sel' Rule 7) FIlI'IIl 01' o.uh or office Ill!' Presiding Officer or the Debts.Recovery Appellate Tribunal.

'I (N:IIII(' Ill' the l'rcxidim; nflicer), having been appointed as I'residing Officer do solemnly affirm/do swear ill till' 1\,1111('or I' !lIt! 111:11I wil] 1;litlll'li1I)' :lIld cnnsc icntiouslv discharge l11y duties as Presidillg Officer to the best or Illy ability, klloll'kd!-!l' :111.1IIld!,!l'llI\.'111. withou: Ic.u or 1;II'Ollr, :iI'i't.:rlioll Ill' ill will. NAME OF rm: PHESIOINC OFFICER

DEBTS RECOVERY APPELLATE TRIBUNAL

FORM - II

(See rule 7) lonn or oath or secrecy for Presiding Officer or the Debts Recovery Appellate Tribunal.

"1... . ( Name or the Prcsid ing Officer), havillg been appointee as Presid ing Officer do -solcmnly a ffirm/do swear in "'" u.unc orCiod Ih:lt 1 will not directly or indirectly communicate or reveal to any person or persons any matter which sh:111 11(: bl\lIdli 1111\\.:1'111\ cousidcr.uion or shall become.known to me as Presiding Officer of said Debts Recovery Appellate Tribun.r] ,,',--n'!,1 ;)'; In,I\' he rC'l1l ired 1'01'the due discharge of Illy duties as the Presiding Officer."

NAME OF THE PRESIDING OFFICER

DEBTS RECOVERY APPELLATE TRIBUNAL

3-lf~ '1i~, 19~, 1998 ~{;1~) f-r<:p:r, 1998 % I

Provisions this rule answers to

Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.

Other instruments under the same Act

All of the The Recovery Of Debts And Bankruptcy Act, 1993