(1) Without prejudice to the provisions of Regulation 91, no employee of the Board may be deputed to serve under any other employer without the approval of the Chairman who shall determine the duration of such deputation and the terms and conditions on which the deputation shall take effect ;
Provided that no employee may be deputed to foreign service against his will.
(2) Where the services of an employee of the Board are placed (2) at the disposal of a foreign employer, it shall be a condition of the deputation that the foreign employer shall, during the periods of such deputation, bear the entire cost of the services of the employee including the following, viz.,
(a) Pay during joining time,
(b) Travelling allowances payable to the employee to enable him to join his appointment under a foreign employer and to return to his appointment in the Board on the termination of his deputation,
(c) Leave earned during the period of deputation,
(d) The employee's contributions to the employee's account in the Board's Provident Fund, and
(e) If the employee is entitled to pension under the Board, an amount, as may be determined by the Chairman, sufficient to cover the Board's liability towards the pension for the period the employee is on deputation.
In addition, the foreign employer may also be required to make a contribution towards any gratuity or other sum for which the employee may become eligible on his retirement, on such scale as may be fixed by the Chairman.” (2A) An employee who has not completed a minimum period of ten years of continuous service in the Board, the gratuity shall be paid as per the provisions of the Payment of Gratuity Act, 1972 (39 of 1972), as amended from time to time :
Provided that where an employee has completed a minimum period of ten years of continuous service in the Board, the gratuity shall be paid as per the SEB1 (Payment of Gratuity to Employees) Rules, 2003:
Provided further that the gratuity amount payable to an employee shall not be less than the amount payable under the Payment of Gratuity Act, 1972.]
54 [(3) Without prejudice to the sub-regulations (1), (2) and (2A), the Board may create a gratuity trust.]
55 [Subscription to the SEBI Provident Fund or the SEBI New Pension Scheme