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of <h1>Regulations Define Employment Terms for Insolvency Board Staff, Clarifying 'Dependent,' 'Duty,' and 'Family' Under 2016 Code</h1> The Insolvency and Bankruptcy Board of India (Employees' Service) Regulations, 2017, outlines definitions relevant to the employment and service conditions of board employees. Key terms defined include 'Code' referring to the Insolvency and Bankruptcy Code, 2016, and 'dependent,' which encompasses specific family members based on income and marital status. 'Duty' includes periods of probation, authorized training, and leave. 'Employee' refers to specific roles within the board, while 'family' includes the spouse and dependents. 'Service' covers authorized duty and leave periods, excluding unauthorized absences. Undefined terms adopt meanings from the Insolvency and Bankruptcy Code.
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