Bare ActsThe Insurance Regulatory and Development Authority Act, 1999

Section 7

Salary and allowances of Chairperson and members.

Amendment status not verified — confirm the current text below against the official source.

(1) The salary and allowances payable to, and other terms and conditions of service of, the members other than part-time members shall be such as may be prescribed. (2) The part-time members shall receive such allowances as may be prescribed. (3) The salary, allowances and other conditions of service of a member shall not be varied to his disadvantage after appointment.

Section 7 – The Insurance Regulatory and Development Authority Act, 1999 | DailyLaw.ai