Section - 413, Term of office of President, chairperson and other Members (CA, 2013)

Section - 413, Term of office of President, chairperson and other Members (CA, 2013)

Co. Law, Sebi, Audit & A/c

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 anonther 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.