Superannuation rules permit compulsory and early retirement, and allow voluntary retirement schemes subject to notice and process. Regulation prescribes mandatory retirement timing by month, grants the Board authority to retire employees earlier following the due process in Schedule ... Summary
Referred In :
Insolvency and Bankruptcy Board of India (Employees’ Service) Regulations, 2017
Superannuation rules permit compulsory and early retirement, and allow voluntary retirement schemes subject to notice and process.
Regulation prescribes mandatory retirement timing by month, grants the Board authority to retire employees earlier following the due process in Schedule II with three months' written notice, allows employees to opt for earlier retirement by three months' written notice subject to appointment terms, and permits the Board to offer voluntary retirement schemes on terms it decides.
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