(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established a Commission to be called the National Tribunals Commission to exercise the powers conferred upon it and to perform the functions assigned to it under this Act.
(2) The headquarters of the National Tribunals Commission shall be at New Delhi.
(3) The Commission shall consist of a Chairperson and four Members, of whom, two shall be Judicial Members and two shall be Technical Members.
(4) A person shall be qualified for appointment—
(a) as the Chairperson, if he has been a Judge of the Supreme Court or a Chief Justice of a High Court;
(b) as a Judicial Member, if he has been a Chief Justice of a High Court or a Judge of a High Court; and
(c) as a Technical Member, if he is a person of ability, integrity and standing, who has special knowledge and experience of not less than twenty-five years in the fields of public administration, finance, law, accountancy, banking, management or technology.