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[Cites 0, Cited by 0] [Section 2] [Entire Act]

Union of India - Subsection

Section 2(1) in The Insolvency and Bankruptcy Board of India (Employees' Service) Regulations, 2017

(1)In these regulations, unless the context otherwise requires,-
(a)"Code" means the Insolvency and Bankruptcy Code, 2016;
(b)"decide" means decision by the Board through a circular and decided shall be construed accordingly;
(c)"dependent" means-
(i)parents and step parents (a female employee can have either her parents or her parents-in-law as dependent);
(ii)sisters, widowed sister, widowed daughter, minor brother;
(iii)children and step-children (son upto the age of 25 or till his marriage, whichever is earlier, and daughter till she gets married, and handicapped son);
(iv)divorced / abandoned or separated sisters and divorced / abandoned or separated daughters, whose income from all sources doesn't exceed Rs. 10,000/- per month or such other amount, as may be decided by the Board from time to time;
(d)"duty" includes-
(i)service as a probationer;
(ii)period during which an employee is on joining time or training authorized by the Board;
(iii)period spent on causal leave duly authorized by the Board;
(e)"employee" means an Officer, a Personal Assistant or a General Assistant, as referred in sub-regulation (1) of regulation 3, employed by the Board under these regulations;
(f)"family" means spouse of the employee and includes dependent, if any;
(g)"initial appointment" means an appointment of an individual for the first time in the services of the Board;
(h)"relative" means employee's father, mother, son, son's wife, brother, sister, daughter, daughter's husband and includes step-father, step-mother, step-son, step-daughter, step-brother and step-sister;
(i)"service" includes the period during which an employee is on duty as well as on leave duly authorised by a competent authority, but does not include any period during which an employee is absent from duty without permission or overstays his leave, unless specifically permitted by the competent authority.