Companies Act · XXVII — NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL

Section 413. Term of office of President, chairperson and other Members

In force · As amended up to 2026-08

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. 1. The words "not exceeding eleven" omitted by Act 29 of 2020, s. 58 (w.e.f. 22-1-2021). 2. Subs. by Act 7 of 2017, s. 172, for "for hearing appeals against the orders to the Tribunal" (w.e.f. 26-5-2017). 3. Subs. by Act 1 of 2018, s. 83 for "orders of the Tribunal" (w.e.f. 7-5-2018). 4. Subs. by Act 29 of 2020, s. 58, for "section 53N" (w.e.f. 22-1-2021). 5. Subs. by Act 1 of 2018, s. 84, for sub-section (3) (w.e.f. 9-2-2018). 6. Subs. by s. 85, ibid ., for sub-section (2) (w.e.f. 9-2-2018). (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.

Source: India Code