(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.
(2) The Members, 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 Group 'A' officers of the Central or State Government drawing an equivalent pay.]
Leave Travel Concession
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.
8. The Presiding Officer and Members of the Securities Appellate Tribunal shall be entitled to staff car and 200 litres of petrol every month or actual consumption of petrol per month, whichever is less.]
2. Substituted by the Securities Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Presiding Officer and Other Members) Amendment Rules, 2014, w.e.f. 24- 10-2014. Prior to its substitution, rule 8 read as under :
"8. Facility of Conveyance.—The Presiding Officer or Member of Securities Appellate Tribunal 'javascript:void(0);'
shall be entitled to staff car and 150 litres of petrol every month or actual consumption of petrol per month, whichever is less."
Facilities of Medical Treatment
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.
Disclosure of beneficial interest
10. Presiding Officer and Member of Securities Appellate Tribunal shall disclose their interest including of their close relatives in matters relating to 1[pensions or commodity derivatives or insurance or] securities or market intermediaries or entities, coming up for decision before them, and not to participate in the decision making in those cases.
1. Inserted 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.
Severance of ties entailing potential conflict of interest
11. A person holding the post of Presiding Officer or Member of Securities Appellate Tribunal shall not be eligible to take up any employment with any company, market intermediary, institution agency or any other person associated with 1[pensions or commodity derivatives or insurance or] securities market for at least two years from the date on which he demitted the office of Presiding Officer/Member, Securities Appellate Tribunal, unless specific prior approval for the purpose is obtained from the Central Government.
1. Inserted 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.
Removal and Resignation