3. Pay.-

(1) The President shall be entitled to a monthly pay of Rs. 80,000/- (fixed) and other allowances as are admissible to a Government Servant in the Apex grade of Rs. 80,000 (fixed).

1[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.]

(2) A Judicial Member and Technical Member shall be paid salary in the pay scale of Rs. 67000-79000/- (annual increment at 3%) and other allowances as are admissible to a Government Servant in Higher Administrative Grade of Rs. 67000-79000/-.

1[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) In case a person appointed as the President or a Judicial Member or a Technical Member, as the case may be, is in receipt of any pension, the pay of such person shall be reduced by the gross amount of pension drawn by him.

Amendment

1. Inserted by the National Company Law Tribunal (Salaries and Allowances and Other Terms and Conditions of service of the President and other Members) Rules, 2015 Dated 12th July 2015   Yet to be notified by Central Goverment