Summary of the Notification issued by MCA on 28/02/2022
MCA notifies amendment to the National Financial Reporting Authority [NFRA] Rules regarding the Salary and allowances of its Chairperson and members.
Highlights of the amendment:
Salary and allowances
The Chairperson and a time full time member of NFRA shall have the option to draw either a consolidated monthly salary of Rs. 4,50,000 and Rs. 4,00,000 without house and car respectively. Alternatively, such Chairperson and full time member may opt for the pay and allowances as are admissible to a Secretary /Additional Secretary to the Government of India, respectively.
If they opt for pay and allowances, they shall be entitled to
- House rent allowance.– at the same rate as is admissible to a Central Government officer holding a Group ‘A’ post carrying the same pay unless a General Pool Residential Accommodation which has been allotted.
- Transport Allowance.– the facility of staff car for journeys for official and private purposes in accordance with the facilities as are admissible to a Central Government officer holding a Group ‘A’ post carrying the same pay as per the provisions of applicable staff car rules.