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 [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 [Presiding Officer and other Members of a Securities Appellate Tribunal] shall be varied to their disadvantage after appointment.

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