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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Indian Government Amends Salary Rules for Insolvency Board Chairperson and Members, Raises Pay to Rs. 4,00,000.</h1> The Central Government of India has amended the Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and Members) Rules, 2016. Effective from October 1, 2016, this amendment increases the salary from Rs. 3,75,000 to Rs. 4,00,000 for the Chairperson and Members. These changes are enacted under the authority of the Insolvency and Bankruptcy Code, 2016, and were officially notified on February 9, 2018, by the Ministry of Corporate Affairs.
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