Rule 7 - Leave - Securities And Exchange Board of India (Terms And Conditions of Service of Chairman And Members) Rules, 1992

Leave 7. The Chairman and a whole-time Member shall be entitled to a leave as follows : (i) Earned Leave at the rate of thirty days (30 days) for every completed calendar year of service: Provided that the leave account shall be credited with earned leave in advance in two instalments of fifteen days (15 days) each from the first day of January and July of every calendar year: Provided further that the earned leave at the credit at the close of previous half year shall be carried forward to the next half year, subject to the condition that the leave so carried forward plus credited for half year do not exceed 240 days. (ii) Half Pay Leave on medical certificate or on private affairs at the rate of twenty days (20 days) in respect of each completed year of service to be credited in advance in two instalments of ten days each on 1st January and 1st July of every calendar year and leave salary for half pay leave shall be equivalent to half of the leave salary admissible during the earned leave; (iii) Leave on Half Pay may be commuted to full pay leave at the discretion of the Chairman or a whole-time Member, if it is taken on medical grounds and is supported by a Medical Certificate by a competent medical authority; (iv) Causal Leave at the rate of twelve days in a calendar year; (v) Extraordinary leave without pay and allowances up to a maximum period of 180 days in one term of office; (vi) Extraordinary leave without pay and allowances in a calendar year out of the holidays notified by the Central Government.