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        IBC

        Rule 15 - Sitting Fees and Board’s Meetings

        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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        Sitting fees prohibition: Chairperson and whole-time member not entitled to fees for attending Board meetings. The rule provides that the Chairperson and any whole time member of the Board shall not receive sitting fees for attending meetings of the Board, thereby excluding meeting related remuneration for those officeholders as part of their terms and conditions of service.
                          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.

                                Sitting fees prohibition: Chairperson and whole-time member not entitled to fees for attending Board meetings.

                                The rule provides that the Chairperson and any whole time member of the Board shall not receive sitting fees for attending meetings of the Board, thereby excluding meeting related remuneration for those officeholders as part of their terms and conditions of service.


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