Company Law Board (Qualifications, Experience and Other Conditions of Service of Members) Amendment Rules, 1997 -Insertion of sub-rule (5) in rule 9 of the Company Law Board (Qualifications, Experience and Other Conditions of Service of Members) Rules, 1993 - GSR 49(E), - Companies Law
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Salary parity ensures senior judicial appointees serving as Chairmen receive equivalent pay and benefits while retired judges' pensions cap salary. New sub-rule (5) to rule 9 entitles a serving High Court Judge appointed as Chairman to salary, allowances and perquisites at the same rate as admissible to him as a High Court Judge. A retired High Court Judge appointed as Chairman shall be paid, during his service as Chairman, a salary which combined with his pension and other retirement benefits does not exceed his last pay drawn before retirement, and shall be entitled to allowances and perquisites equivalent to those of a serving High Court Judge.
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.
Salary parity ensures senior judicial appointees serving as Chairmen receive equivalent pay and benefits while retired judges' pensions cap salary.
New sub-rule (5) to rule 9 entitles a serving High Court Judge appointed as Chairman to salary, allowances and perquisites at the same rate as admissible to him as a High Court Judge. A retired High Court Judge appointed as Chairman shall be paid, during his service as Chairman, a salary which combined with his pension and other retirement benefits does not exceed his last pay drawn before retirement, and shall be entitled to allowances and perquisites equivalent to those of a serving High Court Judge.
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