The Companies Act, 1956
10FE. Term of office of President and Members.
1[10FE. Term of office of President and Members.The President and every other Member of the Tribunal shall hold office as such for a term of three years from the date on which he enters upon his office but shall be eligible for re-appointment:
Provided that no President or other Member shall hold office as such after he has attained,
(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 further that the President or other Member may retain his lien with his parent cadre or Ministry or Department, as the case may be, while holding office as such.
1.Section 10FE ins. by Act 11 of 2003, sec. 6 (w.e.f. 1-4-2003).