Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016 - Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016
Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016 - Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016
Pay entitlement options for insolvency board members provide scale or consolidated salary, with pension offsets applied. The rule grants the Chairperson and whole-time members an option between pay as admissible to a Secretary or Additional Secretary and a consolidated ... Summary
Pay entitlement options for insolvency board members provide scale or consolidated salary, with pension offsets applied.
The rule grants the Chairperson and whole-time members an option between pay as admissible to a Secretary or Additional Secretary and a consolidated salary; recent notifications substituted consolidated amounts. If the appointee is a retired government officer receiving retirement benefits, pay and allowances under the chosen option are to be reduced by the gross pension and pension-equivalent gratuity or employer contributions or other retirement benefits drawn or payable. A proviso fixes entitlement to salary under the sub-rules from a specified commencement date.
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