Schedule II-Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017

Substituted vide Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) (Amendment) Regulations, 2022 dated 01.06.2022. To view the notification, Click Here

LevelExperience (Employment/
Practice/Research) in the relevant discipline (Years)
Consolidated Monthly
Remuneration + 10 percent annual increase
Level I (Research Associate)Up to three yearsRs. 60,000
Level II (Research Associate)Minimum three yearsRs. 80,000
Level III (Research Associate)Minimum five yearsRs. 1,05,000
Level IV (Research Associate)Minimum ten yearsRs. 1,30,000
Level V (Research Associate)Minimum fifteen yearsRs. 1,55,000

Level Experience (Employment / Practice/
Research) in the relevant discipline
(Years)
Consolidated Monthly
Remuneration + 10 percent
annual increase
Level I (Research Associate) < 3Rs.40,000
Level II (Research Associate) ≥ 3 - < 5 Rs.60,000
Level III (Research Associate) ≥ 5 - < 10 Rs.85,000
Level IV (Consultant)≥ 10 - < 15 Rs.110,000
Level V (Consultant) ≥ 15 Rs.135,000