In simple words
Rules fix the salary and service terms of the Chairperson and Members, and these cannot be reduced after appointment. They serve two-year terms and can be reappointed.
- What this means for you
- This protects Board Members from pressure through pay changes.
- What this means for businesses
- No direct duty for businesses.
- Everyday example
- The Fifth Schedule to the Rules sets the Chairperson's salary at rupees four lakh fifty thousand per month.
Who it applies to
The Chairperson and Members of the Board.
Related Rules
Related sections
Official textas notified
Source: MeitY copy of the Gazette (CG-DL-E-12082023-248045), page 12. Printed dashes are shown as colons; the wording is unchanged.
(1) The salary, allowances and other terms and conditions of service of the Chairperson and other Members shall be such as may be prescribed, and shall not be varied to their disadvantage after their appointment.
(2) The Chairperson and other Members shall hold office for a term of two years and shall be eligible for re-appointment.