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Section 13

SEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992Central Rules · 1992

(1) The Chairman and a whole-time Member shall be entitled to a staff car of the Board for official purpose.

(2) If the staff car is used by the Chairman or a Member for private purpose an amount for nonduty journey shall be payable to the Board at the following rates :— Below 16HP Above 16 HP (Rs.) (Rs.)

Non-air-conditioned car 250 p.m. 375 p.m.

Air-conditioned car 400 p.m. 600 p.m. :

Provided that such non-duty journeys shall not exceed 1000 kms. in the cities of Delhi, Bangalore, Bombay, Calcutta, Madras and Hyderabad and 750 kms. in all other cities in a month;

journeys from residence to office being treated as duty runs.

(3) Nothing in this rule shall apply to the Chairman and a whole-time Member who has opted a consolidated salary of Rs. 3,00,000 per month and Rs. 2,50,000 per month respectively.

Bonus

14. The Chairman and a whole-time Member shall not be entitled to bonus.

Sitting Fees and Board's Meetings

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

Gratuity

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

Encashment of Leave

17. The Chairman or a 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.

Facilities for medical treatment

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

Residuary Provisions

19. Matters relating to the conditions of service of the Chairman or 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.

Terms and Conditions of Services of Part-time Members

Where this provision sits

ActSEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992
Section13
JurisdictionCentral
StatusIn force as published by the source

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