SECURITIES AND EXCHANGE BOARD OF INDIA (Terms and Conditions of Service f Chairman and Members) Rules, 1992 (As amended upto March, 2018)

rules · 1992 · State unknown

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Parent: THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 (7c4c1f5343adab106c3a94cafc08a5ecf5957ae7)

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SECURITIES AND EXCHANGE BOARD OF INDIA (Terms and Conditions of Service f Chairman and Members) Rules, 1992 (As amended upto March, 2018) S.O. 146(E). In exercise of the powers conferred by Section 29 of the Securities and Exchange Board of India Ordinance, 1992 (15 of 1992), the Central Government hereby makes the following rules, namely 1. Short title and commencement (1) These rules may be called the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992. They shall come into force on the date of publication of this Notification: 2. Definitions In these rules, unless the context otherwise required a) "Ordinance" means the Securities and Exchange Board of India, Ordinance, 1992 (15 of 1992). ~Board means the Securities and Exchange Board of India, established under section 3 of the Ordinance; "Chairman means the Chairman of the Board. ~Member" = means a Member of the Board. 3. Terms and Conditions of Service of Chairman and Members The Chairman or the Whole-Time Member shall be a person who does not; and will not; have any such financial or other interests as are likely to affect prejudicially his functions as such Chairman or Member. The Chairman and every whole-time Member shall hold office for such period, not exceeding 5 years, as many be specified in the order of his appointment; but he shall be eligible for reappointment; Provided that no person shall hold office as the Chairman or a Member after he attains the age of sixty-five years_ 3 The Chairman or a whole-time member appointed to fill up a causal vacancy shall hold office for the reminder period of the term of the Chairman Or, as the case may be member in whose place he is appointed: The Chairman or whole time Member shall not accept any employment befo

Rule TOC

1 · Short title and commencement

2 · Definitions In these rules, unless the context otherwise required

3 · Terms and Conditions of Service of Chairman and Members

3 · The Chairman or a whole-time member appointed to fill up a causal vacancy shall hold office for the reminder period of the term of the Chairman Or, as the case may be member in whose place he is appointed:

4 · Pay

6 · Entertainment Allowance The Chairman and a whole-time Member shall be entitled to Entertainment Allowance subject to a maximum of Rs.6,000 per annum

7 · Leave The Chairman and a whole-time Member shall be entitled to a leave as follows

10 · Travelling Allowance

11 · Leave Travel Concession

12 · Accommodation

13 · Conveyance

14 · Bonus The Chairman and a whole-time Member shall not be entitled to bonus_

15 · Sitting Fees and Board'$ Meetings The Chairman and a whole-time Member shall not be entitled to any sitting fees for attending meetings of the Board.

16 · Gratuity The Chairman or whole-time Member shall not be entitled to gratuity.

17 · Encashment of Leave The Chairman or whole-time Member shall be entitled to the encashment of leave in accordance with the rule applicable to Group *A officers of Government of India, subject to a maximum encashment of 240 days, including the leave encashed before superannuation.

18 · Facilities for medical treatment The Chairman or whole-time Member shall be entitled to medical treatment and hospital facilities as provided in the Contributory Health Services Schemes Rules; 1954.

19 · Residuary Provisions Matters relating to the conditions of service of the Chairman O a whole- time member with respect to which no express provision has been made in these rules shall be referred in each case, to the Central Government for its decision and the decision of the Central Government thereon shall be final.

619A · Terms and Conditions of Services of Part-time Members (1) A part-time Member shall be a person who does not; and will not, have any such financial or other interest as is likely to affect prejudicially his functions as part-time Member:

20 · Power to Relax The Central Government shall have power to relax the provisions of any of these rules with respect to any class O category of persons: