Regulation 94 - Subscription to the SEBI Provident Fund or the SEBI New Pension Scheme - Securities and Exchange Board of India (Employees’ Service) Regulations, 2001

1 [Subscription to the SEBI Provident Fund or the SEBI New Pension Scheme 94. (1) Unless otherwise specified in these regulations, every employee shall become a member of the SEBI Employee's Provident Fund and shall agree to be bound by the Rules of the Fund. (2) Notwithstanding anything contained in sub-regulation (1), every whole time employee joining the services of the Board, on and from such date, as may be specified, shall only become a member of the SEBI New Pension Scheme and shall agree to be bound by the Rules of the Scheme. (3) Every whole time employee of the Board who is a member of the SEBI Employee s Provident Fund, prior to such date as may be specified, shall be given an option to remain a member of the SEBI Employee s Provident Fund or to become a member of the SEBI New Pension Scheme, in such manner as may be specified.] ****** 1 Substituted by SEBI (Employees Service) (Amendment) Regulations, 2013, w.e.f. 23.12.2003. Prior to substitution, it read as : Obligation to subscribe to the Provident Fund 94. Unless otherwise directed by the Board or the Chairman, every employee shall become a member of the SEBI Employee's Provident Fund and shall agree to be bound by the Rules of the Fund.