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Section 9: Provident Fund

the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992.Central Rules · 1992

The Chairman or a whole-time Member shall be entitled to subscribe to the General Provident Fund.

10. Travelling Allowance –

(i) The Chairman, while on tour or on transfer (including the journey undertaken to join the Board or on the expiry of his term with the Board proceeds to his home town) shall be entitled to the travelling allowances, daily allowances, transportation of personal effects and other similar matters at the same scale and at the same rate as are prescribed for a Secretary to the Government of India.

(ii) A whole-time Member while on tour or on transfer (including the journey undertaken to join the Board or on the expiry of his term with the Board proceeds to his home town) shall be entitled to the travelling allowances, daily allowances, transportation of personal effects and other similar matters at the same scale and at the same rates as are prescribed for Group ‘A’ officer of equivalent rank of the Central Government.

11. Leave Travel Concession –

(1) The Chairman shall be entitled to Leave Travel Concession at the same rates and at the same scales as are applicable to a Secretary to the Government of India.

(2) A whole-time Member shall be entitled to Leave Travel Concession at the same rates and at the same scales as are applicable to a Group ‘A’ officer of the Government of India.

12. Accommodation –

(1) The Chairman and a whole-time Member shall be entitled to rent free unfurnished house and the Board shall approve the type of accommodation, purchase price or rent of the house to be used for residence by the Chairman or a whole-time Member.

(2) Charges for water, electricity and fuel consumed in the house shall be borne by the occupant of the house.

(3) Where the Chairman or a whole-time Member occupies his own accommodation or makes private arrangements, he shall be entitled to a compensation comprising of 10 per cent of his Basic Pay and House Rent Allowance as admissible to a Group ’A’ officer of the Government of India.

(4) Nothing in this rule shall apply to the Chairman and a whole time Member who has opted a consolidated salary of Rs. 4,50,000/- per month and 3,50,000/- respectively.

13. Conveyance –

(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 non-duty 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. 4,50,000/- per month and 3,50,000/- respectively

Where this provision sits

Actthe Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992.
Section9
Marginal noteProvident Fund
JurisdictionCentral
StatusIn force as published by the source

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