Home Acts & Rules SEBI Rule Securities Appellate Tribunal (Salaries, Allowances And Other Terms And Conditions of Presiding Officer And Other Members) Rules, 2003 This
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Rule 5 - Pension and Provident Fund - Securities Appellate Tribunal (Salaries, Allowances And Other Terms And Conditions of Presiding Officer And Other Members) Rules, 2003Extract 1 [Pension and Provident Fund. 5. (1) In case of a serving Supreme Court Judge or Chief Justice of a High Court or Judge of a High Court is holding the post of Presiding Officer, Securities Appellate Tribunal and an Officer of the Central or State Government or any other pensionable service is holding the post of Member, the service rendered by Supreme Court Judge or Chief Justice of a High Court or Judge of a High Court or an Officer of the Central or State Government, as the case may be, in the Securities Appellate Tribunal shall be counted for pension to be drawn by him in accordance with the rules of the service to which he belongs. (2) The Presiding Officer and Members of the Securities Appellate Tribunal shall be governed by the provisions of the General Provident Fund (Central Services) Rules, 1960 and in all other cases, a person shall be entitled to Contributory Provident Fund. ] Notes: ********** 1. Substituted by the Securities Appellate Tribunal (Salaries, Allowance and other Terms and Conditions of the Presiding Officer and other Members) Amendment Rules, 2013, w.e.f. 12-6-2013 before it was read as 5. Pension and Provident Fund -In case a serving Supreme Court Judge or Chief Justice of a High Court is holding the post of Presiding Officer, Securities Appellate Tribunal and an officer of Central Government or State Government or any other pensionable service is holding the post of Member, the service rendered by Supreme Court Judge or Chief Justice of a High Court or an Officer of the Central Government as the case may be in Securities Appellate Tribunal will count for pension to be drawn by him in accordance with the rules of the service to which he belongs. He shall also be governed by the provisions of the General Provident Fund (Central Services) Rules, 1960. In all other cases, a person shall be entitled to Contributory Provident Fund.
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