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of <h1>Appellate Tribunal Chairperson serves 3-year term, re-appointable for another 3, max age 70. Members max age 67.</h1> The Chairperson or a Member of the Appellate Tribunal under the Companies Act, 1956, serves a term of three years, with eligibility for re-appointment for an additional three-year term. The Chairperson cannot serve beyond the age of seventy, while other Members cannot serve past the age of sixty-seven. This provision was introduced by the Companies (Second Amendment) Act, 2002, effective from April 1, 2003.
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