law: Companies Act, 2013 
  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.     
  2.     
  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.