Rule 16 - Encashment of Leave - Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016

1 [16. Encashment of Leave.- (1) The payment of leave salary during leave shall be governed by rule 40 of the Central Civil Services (Leave) Rules, 1972. (2) The Chairperson and a whole time member shall be entitled to encashment of fifty per cent of earned leave standing to their credit at any time. ] ********** Notes 1. Substituted vide NOTIFICATION No. G.S.R. 168(E) dated 26-02-2019 before it was read as 16. Encashment of Leave . The Chairperson or a whole time member shall be entitled to the encashment of leave in accordance with the rules applicable to Group A officers of the Central Government, subject to a maximum encashment of three hundred days, including the leave encashed before superannuation.