Act Number: 18

Act Name: The Companies Act, 2013

Year: 2013

Enactment Date: 2013-08-29

Long Title: An Act to consolidate and amend the law relating to companies.

Ministry: Ministry of Corporate Affairs

Department:

Section 413: Term of office of President, Chairperson and other Members
    (1) The President and every other Member of the Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall be eligible for re-appointment for another term of five years.
     (2) A Member of the Tribunal shall hold office as such until he attains,--
     (a) in the case of the President, the age of sixty-seven years;
         (b) in the case of any other Member, the age of sixty-five years:
     Provided that a person who has not completed fifty years of age shall not be eligible for appointment as Member:
     Provided further that the Member may retain his lien with his parent cadre or Ministry or Department, as the case may be, while holding office as such for a period not exceeding one year.
     (3) The chairperson or a Member of the Appellate Tribunal shall hold office as such for a term of five years from the date on which he enters upon his office, but shall be eligible for re-appointment for another term of five years.
     (4) A Member of the Appellate Tribunal shall hold office as such until he attains,--
         (a) in the case of the Chairperson, the age of seventy years;
         (b) in the case of any other Member, the age of sixty-seven years:
         Provided that a person who has not completed fifty years of age shall not be eligible for appointment as Member:
     Provided further that the Member may retain his lien with his parent cadre or Ministry or Department, as the case may be, while holding office as such for a period not exceeding one year.
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