9911796707
TMI BlogNational Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... and other Members) Rules, 2015. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions . (1) In these rules, unless the context otherwise requires, - (a) Act means the Companies Act, 2013 (18 of 2013); (b) President means the President of the Tribunal appointed under section 408 of the Act ; (2) Words and expressions used in these rules and not defined, but defined in the Act shall have the meanings respectively assigned to them in the Act. 3. Pay. - (1) The President shall be entitled to a monthly pay of ₹ 80,000/- (fixed) and other allowances as are admissible to a Government Servant in the Apex grade of ₹ 80,000 (fixed). (2) A Judicial Member a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to encashment of leave in respect of the Earned Leave standing to his credit, subject to the condition that maximum leave encashment, including received at the time of retirement from previous service shall not in any case exceed the prescribed limit under the Central Civil Service (Leave) Rules, 1972. 6. Leave Sanctioning Authority. - In the case of the President, the competent authority to sanction the leave shall be the President of India and in the case of the Members, the President shall be the leave sanctioning authority. 7. Travelling Allowances .- (1) The President while on tour within India or on transfer (including the journey undertaken to join the Tribunal or on the completion of their tenure with the Tribunal to pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the Central Government in Apex Grade [Rupees eighty thousand. (fixed)]. (2) The Members shall be entitled to Leave Travel Concession on the same terms as are applicable to officers of the Central Government in Higher Administrative Grade (Rs. 67000-79000). 10. Facility for Medical Treatment. - The President and other Members shall be entitled to the medical facilities as provided in the Central Service (Medical Attendance) Rules, 1944. 11. Accommodation .- The President and Members shall have the option of claiming house rent allowance in accordance with the rates prescribed by the Central Government for Group A officers of equivalent grade pay or scale: Provided that they shall not be eligible for house rent allowance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... les, for the remaining period of his term of office shall be same as may, for the time being, be applicable to other employees of the Government of India of a corresponding status. 16. Applicability of rules. Chairman and Members of the Company Law Board, who fulfill the qualifications and rquirements, provided under the Act for being appointed respectively as the President and Members of the Tribunal shall be so appointed after following the selection procedure for these posts in the manner laid down in section 412 of the Act. 17. Oath of office and secrecy. - (1) Every person appointed as the President or Member, as the case may be, shall, before entering upon his office, make and subscribe an oath of office and secrecy respec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Company Law Tribunal Dated: Place: Form - II (See rule 17) Form of oath of secrecy for President or Members of the National Company Law Tribunal I, ............, having been appointed as President or member of the National Company Law Appellate Tribunal do solemnly affirm swear in the name of God that I will not directly or indirectly communicate or reveal to any person or persons any matter which shall be brought under my consideration or shall become known to me as President or member of the said Tribunal except as may be required for the due discharge of my duties as President or Member. Signature: ................. (Name of the President/ Judicial/Technical Member) Designation: ................. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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