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Union of India - Section

Section 10FE in The Companies Act, 1956

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.