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National Company Law Tribunal (Salary Allowances and other Terms and Conditions of Service of President and other Members) Rules 2015

Companies Law - File No. 1/30/2013-CL.V Part-I - Dated:- 19-8-2015 - [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Ministry of Corporate Affairs Notification New Delhi, the 19th August 2015 G.S.R. 729(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 makes the following rules, namely:- 1. Short title and commencement.- (1) These rules may be called .....

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(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 and Technical Member shall be paid salary in the pay scale of ₹ 67000-79000/- (annual increment at 3%) and other allowances as are admissible to a Government Servant in Higher Administrative Grade of ₹ 67000-79000/-. (3) In case a person appointed as the President or a Judicia .....

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rules of the service or office to which he belongs, and he shall also be governed by the provisions of the General Provident Fund (Central Services) Rules, 1960. (2) In all other cases, the Members shall be governed by the provisions of the Contributory Provident Fund (India) Rules, 1962. (3) Additional pension and gratuity shall not be admissible for service rendered in the Tribunal. 5. Leave. - (1) The President and every other Member shall be entitled to thirty days of Earned Leave for every .....

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ve 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 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 his tenure with the Tribunal to proceed to his home town) shall be entitled to travelling allowance, daily allowan .....

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ar matters at the same rate as are applicable to the officers of the Central Government in Higher Administrative Grade (Rs. 67000-79000). 8. Official visits abroad. - (1) Official visits abroad by the President shall be undertaken in accordance with orders issued by the Central Government and he shall be entitled to draw such allowances in respect of such visits as are applicable to officers of the Central Government in Apex Grade (Rupees eighty thousand-fixed). (2) Official visits abroad by Mem .....

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e 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 Centra .....

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grade as per Staff Car Rules, as amended from time to time. 13. Telephone facility.- The President and Members shall be eligible for telephone facilities as admissible to a Group A officer of the Central Government drawing an equivalent pay. 14. Conditions of service of President.- Where a serving or retired judge of a High Court is appointed as President, the service conditions, unless specifically provided in these rules, shall be as contained in the High Court Judges (Salaries and Conditions .....

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e as a Judge of the High Court or expiry of the lien period, whichever is later, 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 requirements provided under the Act for being appointed respectively as the President and Members of the Tribunal shall be so appoin .....

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hall give a declaration in Form III annexed to these rules, to the satisfaction of the Central Government, that he does not have any such financial or other interest as is likely to affect prejudicially his functions as President or Member. 19. Residuary provisions. - Matters relating to the terms and conditions of service of the President and Members with respect to which no express provision has been made in these rules, shall be same as may, for the time being, be applicable to other employee .....

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