Rules and Regulations of India

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Section 9 – COMPANY LAW BOARD RULES,1993

9. Salary and allowances

7[(1) The chairman shall be paid salary and allowances as are admissible to a High Court judge in case of sitting High Court judges being appointed as chairman. In other cases, the chairman shall be paid a salary of  8[Rs. 26,000] (fixed) and other allowances and benefits as are admissible to the Central Government officers holding posts carrying the same pay and allowances.]

 

(2) The Vice-Chairman shall be paid a salary in the scale of pay of Rs. 8[24,050-650 – 26,000].

 

(3) A Member shall be paid a salary in the scale of Rs. 2[22,400 – 525 – 23,500].

 

(4) The Chairman and Members shall be entitled to draw allowances as are admissible to a Central Government Officer holding Group ‘A’ post carrying the same pay or scale of pay.

 

13[(5) Notwithstanding anything contained in sub-rules (1) to (4),-

 

(a) a judge of a High Court appointed as chairman under clause (a) of sub-rule (5) of rule 3 shall be entitled to a monthly salary, allowances and other benefits including perquisites at the same rate as is admissible to him as a judge of a High Court; or

 

(b) a retired Judge of a High Court appointed as chairman under clause (a) of sub-rule (5) of rule 3 shall be paid for the period he serves as chairman, such salary which, together with his pension and pension equivalent of any other form of retirement benefits, shall not exceed the last pay drawn by him before retirement. He shall be entitled to such allowances and other benefits including perquisites as are admissible to a serving judge of a High Court.]

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