Rule 12 - Accommodation - Securities And Exchange Board of India (Terms And Conditions of Service of Chairman And Members) Rules, 1992

Accommodation 12. (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 ₹ 3,00,000 per month and ₹ 2,50,000 per month respectively.