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        IBC

        Rule 14 - Bonus

        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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        Bonus entitlement prohibited for IBBI chairperson and whole-time members under the regulator's service rules on remuneration. Under the service rules governing the regulator's terms of office, bonus entitlement is expressly excluded for the Chairperson and any whole-time member, establishing a categorical bar on payment of bonus to those office-holders as part of the remuneration framework.
                          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.

                                Bonus entitlement prohibited for IBBI chairperson and whole-time members under the regulator's service rules on remuneration.

                                Under the service rules governing the regulator's terms of office, bonus entitlement is expressly excluded for the Chairperson and any whole-time member, establishing a categorical bar on payment of bonus to those office-holders as part of the remuneration framework.


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