The Ministry of Corporate Affairs has notified the National Company Law Appellate Tribunal (Salaries, Allowances and other terms and conditions of service of the Chairperson and other Members) Rules, 2014 as per the powers conferred by the new Companies Act 2013. As per these Rules, the Chairperson shall be entitled to a monthly pay of Rs. 90,000/- (fixed) and such other allowances as are admissible to an officer in the Cabinet Secretary’s Scale.

A Judicial/ Technical Member will be paid salary in the pay scale of Rs. 80,000/- (fixed) and such other allowances as are admissible to an officer in the Apex Scale. Earlier, the Ministry notified the National Company Law Tribunal (Salaries, Allowances and other terms and conditions of service of President and other Members) Rules, 2013.

The two Notifications are available on the website of the Ministry of Corporate Affairs.

Salaries and Allowances for Appellate Tribunal members updated; Chairperson and Members receive fixed pay and admissible allowances. Notification prescribes the Salaries, Allowances and other terms and conditions of service for the National Company Law Appellate Tribunal: the Chairperson receives a fixed monthly pay and allowances equivalent to those admissible to an officer in the Cabinet Secretary's Scale, while Judicial and Technical Members receive a fixed pay in a separate scale and allowances admissible to officers in the Apex Scale; the Rules complement an earlier notification for the National Company Law Tribunal and are published by the Ministry of Corporate Affairs.