Regulation 20 of IBBI (Employees’ Service) Regulations, 2017 – Fixation of pay on promotion.

The Insolvency and Bankruptcy Code, 2016 IBBI (Employees’ Service) Regulations, 2017 Chapter IV – Pay, Allowances and other Beneffits […]

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The Insolvency and Bankruptcy Code, 2016

IBBI (Employees’ Service) Regulations, 2017

Chapter IV – Pay, Allowances and other Beneffits

Regulation 20: Fixation of pay on promotion.

20. The pay of an employee promoted to a higher Grade shall be fixed at the stage in the higher scale of pay which is next above his pay he was drawing in the earlier scale.

 



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