What is the Term of office? Section 22 of FEMA Act 1999
22. 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 :
Provided that no Chairperson or other Member shall hold office as such after he has attained,-
(a) in the case of the Chairperson, the age of sixty-five years;
(b) in the case of any other Member, the age of sixty-two years.
CHAPTER VI DIRECTORATE OF ENFORCEMENT
CHAPTER VII MISCELLANEOUS