Regulation 95 - Obligation to subscribe to the insurance scheme or fund instituted by the Board - Securities And Exchange Board Of India (Employees' Service) Regulations, 2001

Obligation to subscribe to the insurance scheme or fund instituted by the Board 95. It shall be incumbent on every employee bound by these Regulations to subscribe to any insurance scheme or fund that may be instituted by the Board for the benefit of its employees and their families and to be bound by the rules of the said scheme or fund; Provided that nothing contained in this Regulation shall serve to curtail any superannuation benefits which may otherwise be admissible to an employee; Provided further that nothing contained in this Regulation shall require an employee to subscribe to the said scheme or fund if he is exempted from so doing under the rules of the said scheme or fund.