Section 10FT - Term of office of Chairperson and Members. - Companies Act, 1956

Term of office of Chairperson and Members. [1] [10FT. The Chairperson or a Member of the Appellate 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 for another term of three years: Provided that no Chairperson or other Member shall hold office as such after he has attained, (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.] ------------------------- Notes:- [1] Inserted by the Companies (Second Amendment) Act, 2002, w.e.f. 1-4-2003.