(1) The Chairperson and every other Member shall hold office as such for a term of five years from the date on which he enters upon his office and shall be eligible for re-appointment:
Provided that no Chairperson or other Member shall hold office as such after he has attained the age of sixty-five years.
(2) The salary and the other terms and conditions of service of the Chairperson and other Members shall be such as may be prescribed by the Central Government.