Section 15-O - Salary and allowances and other terms and conditions of service of Presiding Officers - Securities and Exchange Board of India Act, 1992

Salary and allowances and other terms and conditions of service of Presiding Officers. 15-O. The salary and allowances payable to and the other terms and conditions of service including pension, gratuity and other retirement benefits of the 1 [Presiding Officer and other Members] of a Securities Appellate Tribunal shall be such as may be prescribed: Provided that neither the salary and allowances nor the other terms and conditions of service of the 2 [Presiding Officer and other Members of a Securities Appellate Tribunal] shall be varied to their disadvantage after appointment. ********** 1 Substituted for Presiding Officer of a Securities Appellate Tribunal by the SEBI (Amendment) Act 2002, w.e.f. 29-10-2002. 2 Substituted for Presiding Officer , by the SEBI (Amendment) Act 2002, w.e.f. 29-10-2002.