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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter XXVII NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL This

Clause 413 - Term of office of President, chairperson and other Members. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter XXVII
NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL
  • Contents

Term of office of President, chairperson and other Members.

     413. (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.

 
 
 
 

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