Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Chairperson and members) third Amendment Rules, 2019 - F. No. 30/3/2016-Insolvency - G.S.R. 41(E)

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<h1>India Amends Insolvency Board Service Rules: Chairperson and Members Now Under Provident Fund and Pension System.</h1> The Central Government of India has amended the rules governing the salary, allowances, and other terms and conditions of service for the Chairperson and members of the Insolvency and Bankruptcy Board of India. These amendments, known as the third Amendment Rules, 2019, modify rule 9 of the 2016 rules to state that the Chairperson and whole-time members will now be governed by the Contributory Provident Fund (India) Rules, 1962, and the Contribution Pension System. The amendments take effect upon their publication in the Official Gazette.

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