SECURITIES APPELLATE TRIBUNAL (SALARIES, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF PRESIDING OFFICER AND OTHER MEMBERS) RULES, 2003

rules · 1992 · State unknown

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

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SECURITIES APPELLATE TRIBUNAL (SALARIES, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF PRESIDING OFFICER AND OTHER MEMBERS) RULES, 2003 In exercise of the powers conferred by section 15L, read with section 15M and clause (f) of sub-section (2) of section 29 of the Securities and Exchange Board of India Act, 1992 and in supersession of the Securities Appellate Tribunal (Salaries and Allowances and Other Conditions of Service of the Presiding Officer) Rules, 1997, the Central Government hereby makes the following rules, namely:— Short title and commencement (1) These rules may be called the Securities Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Presiding Officer and other Members) Rules, 2003. They shall come into force on the date of their publication in the Official Gazette. Definitions In these rules, unless the context otherwise requires,— (a) "Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (b) "Presiding Officer" means a person appointed as Presiding Officer of the Securities Appellate Tribunal under section 15L of the Act; (c) "Member" means a person appointed as Member of the Securities Appellate Tribunal under section 15L of the Act; 1 [ (d) all other words and expressions used and not defined in these rules, but defined in the Act or in the Insurance Act, 1938 (4 of 1938) or the Insurance Regulatory Development Authority Act, 1999 (41 of 1999) or the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), shall have the meanings respectively assigned to them in those Acts . ] Clause (d) substituted by the Securities Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Presiding Officer and other Members) Amendment Rules, 2015, w.e.f. 7 -9 -2015. Prior to its subst

Rule TOC

1 · [ (d) all other words and expressions used and not defined in these rules, but defined in the Act or in the Insurance Act, 1938 (4 of 1938) or the Insurance Regulatory Development Authority Act, 1999 (41 of 1999) or the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), shall have the meanings respectively assigned to them in those Acts . ]

1 · [Salary.

6 · (1) The Presiding Officer, Securities Appellate Tribunal while on tour or on transfer (including the journey undertaken to join the Securities Appellate Tribunal or on the expiry of his term with the Securities Appellate Tribunal to proceed to his home town) shall be entitled to travelling allowance, daily allowances, transportation of personal effects and other similar matters at the same scale and at the same rates as are applicable to Supreme Court Judge or Chief Justice of a High Court or Judge of a High Court, as the case may be.

7 · The Presiding Officer of Securities Appellate Tribunal shall be entitled to Leave Travel Concession at the same rates and at the same scale as are applicable to the Judge of the Supreme Court or a High Court in the State in which the Tribunal is located. Member, Securities Appellate Tribunal shall be entitled to leave travel concession at the same rates and at the same scale as are applicable to 'Group A' officers of the Central Government/State Government drawing equivalent pay.

2 · [Facility of Conveyance.

9 · . The Presiding Officer or Member of Securities Appellate Tribunal shall be entitled to medical treatment and hospital facilities as provided in the Contributory Health Services Rules, 1954 and in places where Central Health Services Scheme is not in operation, the said Presiding Officer shall be entitled to the facilities as provided in the Central Services Medical Attendance Rules, 1944.

13 · Matters relating to the conditions of service of the Presiding Officer or Members of Securities Appellate Tribunal with respect to which no express provision is 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 binding on the said Presiding Officer or Member.

14 · The Central Government shall have the power to relax the provisions of any of these rules in respect of any class or category or persons.