Under the Companies Act, 2013, the President and every other Member of the National Company Law…

Under section 413(1) of the Companies Act, 2013, the President and every other Member of the National Company Law Tribunal hold office for a term of five years from the date on which they enter upon office, and are eligible for re-appointment for another term of five years. Section 417A, which subjects Appellate Tribunal (NCLAT) appointees to the separate tribunal-reform framework, does not apply to the NCLT.