Companies Act, 2013
415.
Acting
President and Chairperson of Tribunal or Appellate Tribunal.
1. In the event of the
occurrence of any vacancy in the office of the President or the Chairperson by
reason of his death, resignation or otherwise, the senior-most Member shall act
as the President or the Chairperson, as the case may be, until the date on
which a new President or Chairperson appointed in accordance with the
provisions of this Act to fill such vacancy enters upon his office.
2. When the President or
the Chairperson is unable to discharge his functions owing to absence, illness
or any other cause, the senior-most Member shall discharge the functions of the
President or the Chairperson, as the case may be, until the date on which the
President or the Chairperson resumes his duties.