Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Amendment Rules, 2024.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... red by clause (zd) of sub-section (2) of section 239 read with sub-section (5) of section 189 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) , the Central Government hereby makes the following rules further to amend the Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016 , namely: 1. (1) These rule .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... airperson and whole-time member shall be entitled to a salary under this sub-rule and sub-rule (1) from the 1st day of January, 2024. 3. In rule 12 of the said rules, in sub-rule (4), for the words and figures Rs. 4,50,000/- and Rs. 4,00,000/- , the words and figures Rs. 5,62,500/- and Rs. 5,00,000/- shall respectively be substituted. 4. In rule 13 of the said rules, in sub-rule (3), for the words .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X