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of <h1>Finance Act 2017 amendment updates qualifications, terms, and appointment process for Tribunal Chairpersons and Members.</h1> The amendment to the Finance Act, 2017, revises the qualifications, appointment, and service conditions for Tribunal Chairpersons and Members. The Central Government can establish rules for these roles, requiring candidates to be at least 50 years old. Appointments are based on recommendations from a Search-cum-Selection Committee led by the Chief Justice of India or a Supreme Court Judge. Chairpersons serve four-year terms or until age 70, and Members until age 67. Re-appointments consider prior service, and removal can occur for insolvency, criminal conviction, incapacity, conflict of interest, or misconduct, with due process for the accused.
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