This notification, G.S.R. 378(E), issued by the Ministry of Corporate Affairs on May 21, 2019, amends the Insolvency and Bankruptcy Board of India (IBBI) Salary, Allowances and other Terms and Conditions of Service of Chairperson and members Rules, 2016. These amendments, called the Third Amendment Rules, 2019, come into force on the date of their publication in the Official Gazette. The key change involves the omission of sub-rule 2 in rule 3 of the 2016 Rules. The notification is issued in exercise of powers conferred by clause (zd) of subsection (2) of section 239, read with subsection (5) of section 189 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016). The Joint Secretary, Gyaneshwar Kumar Singh, can be contacted at F. No. 3068/2018-Insolvency. The principal rules were published vide number G.S.R. 831(E), dated the 29th August, 2016 and subsequently amended vide number G.S.R. 153(E), dated the 9th February, 2018, G.S.R. 1083(E), dated the 2nd November, 2018, G.S.R. 41(E), dated the 18th January, 2019 and G.S.R.168(E), dated the 26th February, 2019.
Key Entities Referenced
Ministry of Corporate Affairs: The ministry responsible for the notification.
New Delhi: The location where the notification was issued.
Insolvency and Bankruptcy Code, 2016: The main legislation being amended by this notification.
Insolvency and Bankruptcy Board of India: The regulatory body related to insolvency and bankruptcy processes in India.
Insolvency and Bankruptcy Board of India Salary, Allowances and other Terms and Conditions of Service of Chairperson and members Rules, 2016: The original rules that are being amended.
Insolvency and Bankruptcy Board of India Salary, Allowances and other Terms and Conditions of Service of Chairperson and members Third Amendment Rules, 2019: The title of the current amendment rules.
Gyaneshwar Kumar Singh: The Joint Secretary who signed the notification.
Mayapuri, New Delhi: Location of the Government of India Press.
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PART II—Section 3—Sub-section (i)
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No. 317] NEW DELHI, MONDAY, MAY 27, 2019/JYAISTHA 6, 1941
ककककााााररररपपपपोोोोररररेेेेटटटट ककककाााायययय (cid:10)(cid:10) (cid:10)(cid:10)मममम(cid:13)(cid:13)ंं(cid:13)(cid:13)ंं ााााललललयययय
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 21 मई, 2019
ससससाााा....ककककाााा....ििििनननन.... 333377778888 ((((अअअअ))))....———— के(cid:17)(cid:18)ीय सरकार, (cid:4)दवाला और शोधन अ(cid:29)मता संिहता, 2016 (2016 का 31) क& धारा 189 क&
उपधारा (5) के साथ प,ठत धारा 239 क& उपधारा (2) के खंड (यघ) 1ारा 2द3 शि4य5 का 2योग करते 7ए, भारतीय (cid:4)दवाला और
शोधन अ(cid:29)मता बोड : (अ;य(cid:29) और सद<य5 के वेतन, भ3े और सेवा के अ(cid:17)य िनबंधन और शत=) िनयम, 2016 का और संशोधन करने हेतु
िन?िलिखत िनयम बनाती ह,ै अथा:त:्-
1. (1) इन िनयम5 का संि(cid:29)C नाम भारतीय (cid:4)दवाला और शोधन अ(cid:29)मता बोड : (अ;य(cid:29) और सद<य5 के वेतन, भ3े और सेवा के अ(cid:17)य
िनबंधन और शत=) तीसरा संशोधन िनयम, 2019 ह।ै
(2) ये राजपF मG इनके 2काशन क& तारीख से 2वृ3 ह5गे।
2. भारतीय (cid:4)दवाला और शोधन अ(cid:29)मता बोड : (अ;य(cid:29) और सद<य5 के वेतन, भ3े और सेवा के अ(cid:17)य िनबंधन और शत)= िनयम,
2016 मG िनयम 3 मG उप-िनयम (2) का लोप (cid:4)कया जाएगा।
[फा.सं.30/68/2018-(cid:4)दवाला]
JानेKर कुमार Lसह, संयु4 सिचव
(cid:15)(cid:15)(cid:15)(cid:15)टटटट(cid:16)(cid:16)(cid:16)(cid:16)पपपपणणणण:::: मूल िनयम संOयांक सा.का.िन. 831(अ), तारीख 29 अग<त, 2016 1ारा 2कािशत (cid:4)कए गए थे और तQपRात् संOयांक सा.का.िन.
153(अ) तारीख 09 फरवरी, 2018, सा.का.िन. 1083(अ), तारीख 2 नवTबर, 2018, सा.का.िन. 41(अ), 18 जनवरी, 2019
और सा.का.िन. 168(अ) तारीख 26 फरवरी, 2019 1ारा संशोिधत (cid:4)कए गए थे।
2638 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 21st May, 2019
G.S.R. 378(E).—In exercise of the powers conferred 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 rules may be called the Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms
and Conditions of Service of Chairperson and members) Third Amendment Rules, 2019.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of
Chairperson and members) Rules, 2016, in rule 3, sub-rule (2) shall be omitted.
[F. No. 30/68/2018-Insolvency]
GYANESHWAR KUMAR SINGH, Jt. Secy.
Note: The principal rules were published vide number G.S.R. 831(E), dated the 29th August, 2016 and subsequently
amended vide number G.S.R. 153(E), dated the 9th February, 2018, G.S.R. 1083(E), dated the 2nd November,
2018, G.S.R. 41(E), dated the 18th January, 2019 and G.S.R.168(E), dated the 26th February, 2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.