The Securities and Exchange Board of India Act

# 15O Salary and allowances and other terms and conditions of service of Presiding Officers

¹[15-O. Salary and allowances and other terms and conditions of service of Presiding Officers.-- The salary and allowances payable to, and the other terms and conditions of service (including pension, gratuity and other retirement benefits) of, the ²[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 services of the ³[Presiding Officer and other Members of a Securities Appellate Tribunal] shall be varied to their disadvantage after appointment.]

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1. Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995).
2. Subs. by Act 59 of 2002, s. 22, for "Presiding Officer of a Securities Appellate Tribunal" (w.e.f. 29-10-2002).
3. Subs. by s. 22, <i>ibid</i>., for "said Presiding Officers" (w.e.f. 29-10-2002).

ESTABLISHMENT, JURISDICTION, AUTHORITY AND PROCEDURE OF APPELLATE TRIBUNAL

15MA

Amendment of Presiding Officer and Judicial Member

15MB

Search-cum-Selection Committee for appointment of Technical Members

15MC

Vacancy not to invalidate selection proceeding

15N

Tenure of office of Presiding Officer and other Members of Securities Appellate Tribunal

15P

Filling up of vacancies

15PA