Question

President of National Company Law Tribunal cannot be re-appointed on expiry of his term.

• A. True
• B. False

Answer 1

The correct option is B False

Section 10FE, Companies Act, talks about the "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.