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        IBC

        Rule 12 - Accommodation

        Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016

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        Accommodation entitlement: Chairperson and whole time members receive rent free housing or specified compensation when using private accommodation. Establishes accommodation entitlements for the Chairperson and whole time members: the Board approves rent free unfurnished official residences, occupants bear utility charges, and where private accommodation is used a compensation payment equal to a percentage of Basic Pay plus the Group 'A' House Rent Allowance is payable. The rule does not apply to those who have elected a specified consolidated salary.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Accommodation entitlement: Chairperson and whole time members receive rent free housing or specified compensation when using private accommodation.

                            Establishes accommodation entitlements for the Chairperson and whole time members: the Board approves rent free unfurnished official residences, occupants bear utility charges, and where private accommodation is used a compensation payment equal to a percentage of Basic Pay plus the Group 'A' House Rent Allowance is payable. The rule does not apply to those who have elected a specified consolidated salary.


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