Rules Regarding the Salaries, Allowances, etc. of the Chairperson and Other Members of the National Company Law Appellate Tribunal Notified

The Ministry of Corporate Affairs has notified the National Company Law Appellate Tribunal (Salaries, Allowances and other terms and conditions of service of the Chairperson and other Members) Rules, 2014 as per the powers conferred by the new Companies Act 2013. As per these Rules, the Chairperson shall be entitled to a monthly pay of Rs. 90,000/- (fixed) and such other allowances as are admissible to an officer in the Cabinet Secretary’s Scale.

A Judicial/ Technical Member will be paid salary in the pay scale of Rs. 80,000/- (fixed) and such other allowances as are admissible to an officer in the Apex Scale. Earlier, the Ministry notified the National Company Law Tribunal (Salaries, Allowances and other terms and conditions of service of President and other Members) Rules, 2013.

The two Notifications are available on the website of the Ministry of Corporate Affairs.