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of <h1>India's Insolvency Board Updates Consultant Pay, Extends Engagements to 5 Years, Effective June 1, 2022.</h1> The Insolvency and Bankruptcy Board of India has amended its regulations concerning the engagement of Research Associates and Consultants. Effective from June 1, 2022, the amendments allow the Chairperson to adjust remuneration as specified in Schedule II and extend engagements up to five years. The revised Schedule II outlines remuneration based on experience levels, ranging from Rs. 60,000 for Level I (up to three years of experience) to Rs. 1,55,000 for Level V (minimum fifteen years of experience), with a 10% annual increase. These changes update the original 2017 regulations, last amended in 2019.
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