TOPIC 4: QUICK REFERENCE TO “Term of President, Chairperson, & other members of NCLT & NCLAT”

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Quick Reference to "Term of President, Chairperson, & other members of NCLT & NCLAT " :-
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Legal Provision:-
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Section 413 of Companies Act, 2013.
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1. NCLT :-
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Term of President & Other member:-
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Term of 5 years & eligible for reappointment of 5 years.
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Time for vacation of office:-
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President:- Age of 67 years.
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Other member:- Age of 65 years.
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2. NCLAT:-
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Term of President & Other member:-
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Term of 5 years & eligible for reappointment of 5 years.
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Time for vacation of office:-
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President:- Age of 70 years.
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Other member:- Age of 67 years.
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Note:-
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#Both i.e. In case of NCLT & NCLAT, a person who has not completed age of 50 years shall not be eligible for appointment as member.
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Regards
ACA SOURAV BAGARIA