Consider the following statements regarding the National Company Law Tribunal (NCLT) as established under the Companies Act, 2013:

Statements

1. The NCLT consists of both Judicial Members and Technical Members, with the Ministry of Corporate Affairs playing an administrative role in the conduct of their appointment process.
2. The NCLT is a constitutional body whose members enjoy security of tenure on par with High Court judges, making the tribunal fully independent of executive oversight in all personnel matters.