State the composition and monetary jurisdiction of the national commission.
Solution:
National Commission
Meaning:
A consumer dispute redressal forum at the National level established by the Central Government by notification is known as the National Commission. It is also called the National Consumer Disputes Redressal Commission.
Composition - National Commission shall consist of
President:
A person, who is or has been a Judge of the Supreme Court, shall be appointed by the Central Government as the president of the National Commission in consultation with the Chief Justice of India.
Member:
Not less than four and not more than a such number of members as may be prescribed.
Tenure:
The members will hold office for a term of five years or up to the age prescribed, whichever is earlier.
Monetary Jurisdiction -
To entertain complaints where the value of the goods or services paid as consideration exceeds Rs. ten crores.
