Amendment in Notification No. G.S.R 729 (E), dated the 21st September, 2015 - F.No. A-45011/25/2018-Ad.IV) - G.S.R. 632(E) - Companies Law

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 12th July, 2018 G.S.R. 632(E).- In exercise of the powers conferred by section 469 read with section 414 of the Companies Act, 2013 (18 of 2013), the Central Government hereby amends the notification of the Ministry of Corporate Affairs number G.S.R 729 (E), dated the 21st September, 2015, namely:- 2. In the said notification , in rule 3 , - (i) in sub-rule (1), the following provisos shall be inserted, namely:- Provided that the pay of a serving or retired Chief Justice of a High Court on his joining as President, National Company Law Tribunal shall be fixed at the level of pay which he was drawing at the time of demitting his previous office: Provided further that the above proviso shall not affect any other entitlement corresponding to the pay of the President as provided in this sub-rule ; (ii) in sub-rule (2), the following provisos shall be inserted, namely:- Provided that the pay of a serving or retired government officer or Chairman, Vice-chairman, President, Vice-president, Presiding officer, Member of a Tribunal, Appellate Tribunal or an authority, or a judge of a High Court, who is or has been drawing higher pay, on their joining as Member, National Company Law Tribunal shall be fixed at the level of pay which they were drawing at the time of demitting their previous employment, subject to a limit of ₹ 80,000: Provided further that the above proviso shall not affect any other entitlement corresponding to the pay of a Member as provided in this sub-rule . 3. This notification shall come into force on the date of its publication in the official gazette. [F.No. A-45011/25/2018-Ad.IV)] GYANESHWAR KUMAR SINGH, Jt. Secy. Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number GSR 729(E), dated the 21st September, 2015.