Rule 11 - Severance of ties entailing potential conflict of interest - Securities Appellate Tribunal (Salaries, Allowances And Other Terms And Conditions of Presiding Officer And Other Members) Rules, 2003

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. *********** Notes: 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.