13. Conveyance.–
(1) The Chairperson and a whole-time member shall be entitled to a staff car of the Board for official purpose.
(2) No passenger vehicle shall be purchased by the Board and requirement of vehicles shall be met by hiring.
(3) Nothing in this rule shall apply to the Chairperson and a whole-time member who has opted a consolidated salary of Rs. 4,50,000/-per month or 1[4,00,000]/-respectively.
Note:
1. Substituted by The Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and Members) Amendment Rules, 2018.
In sub rule (4), for the figure-
3,75,000
The following shall be substituted namely-
4,00,000