National Company Law

MINISTRY OF CORORATE 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 21
st 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 Rs
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.

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